Impacts of COVID-19 on U.S. trout foodfish businesses: Quarter 1 Results March 23, 2020 to April 10, 2020

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Virginia Cooperative Extension

This survey was designed to capture and quantify the effects of the coronavirus disease (COVID-19) on the aquaculture, aquaponics, and allied industries. The survey closed April 10th, 2020 at 11:59 pm. The survey will be distributed at the conclusion of every quarter for 2020, to attempt to capture the evolving impacts of COVID-19 over time. U.S. trout foodfish farmers have been impacted severely by the COVID-19 pandemic. All trout foodfish respondents had had sales orders from private companies canceled and 21% had had government (state/federal) orders canceled, with losses reported as high as $4 million per month. While lost sales were the immediate impact, other challenges were mentioned related to increasing production costs, financing, and other essential services that are critical to survival of the farm or business. Of grave concern is that only 36% of trout foodfish respondents indicated that their farm or business would survive the next 3 months without external assistance.