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The United States Department of Agriculture (USDA) announced a $527 million US “Seafood Trade Relief Package” (STRP). Maine lobstermen alone are estimated to be eligible for $50 million. If you fish for lobster, you could be given $.50 for every pound you caught in 2019! There are also subsidies for herring and tuna catches, among others. The applications are now available and must be submitted by December 14th, 2020. If eligible to apply, please review the full program details here. Please check with the USDA, a tax advisor, or legal counsel for specific advice in applying. Although this is not our program or application, we will help you in any way we can!
Additional guidance has come out, we’ve reviewed it, and here’s what you need to know:
Note: You will need to be sure to have landings reports to support the number of pounds you are submitting. FSA may audit these after submission and may require fishermen to provide copies of reports verifying their landings for 2019
As a customer of Machias Savings Bank, the focus is on you. We will enhance your banking relationship by working with you to discover your banking needs. We will be there when you need us.
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Routing Number: 211274531
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NMLS Number: 469539
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