This document summarizes the agenda and presentations from the 12th Annual Ronald C. Baird Sea Grant Science Symposium on the future of shellfish in Rhode Island. The agenda included introductions, challenges of selling local shellfish, how Foley Fish Markets sources and sells shellfish, and what qualities they look for in shellfish vendors. Foley Fish is a multi-generational seafood processor and distributor that sources shellfish varieties from New England and sells to customers in 40 US states, Bermuda and the Caribbean. They evaluate vendors based on harvest areas, product quality and availability. Successful vendors operate shellfish farms as businesses, communicate regularly, and differentiate their products.
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Peter Ramsden, Baird Symposium
1. 12th Annual Ronald C. Baird Sea Grant Science Symposium
November 14, 2013
The Future of Shellfish in Rhode Island
2. Agenda
(in 15 minutes)
1) Introduction
2) The Challenges of Selling Local
3) How Foley Fish Markets Shellfish
4) What Foley Fish Values in a Vendor
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3. FOLEY FISH
Family Owned and Focused for Four Generations
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Full service, primary processor of fresh seafood
Only ship direct to the end user (hotels, restaurants, clubs, schools & specialty retail)
Customers in 40 states, Bermuda, and the Caribbean
4. Foley Shellfish Statistics
1) At any given time we handle:
12 Varieties of Oysters
6 Varieties of Mussels
All sizes of hardshell clams
Soft-shell Clams & Razor Clams
2) Virtually all of our sourcing is from New England and
the Canadian Maritime Provinces
3) Every business day ( on avg) we sell: 140 bags of Oysters
120 bags of Mussels
80 bags of hard-shell clams
4) We do not wet store (tank) any shellfish inventory
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Challenges of Selling Local
Local Farm to Local Table
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Can the local table offer stable, sustained, year round demand?
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Are there enough local tables?
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Do the local tables pay promptly?
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Are there too many local farmers all looking for a spot at the table?
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Are you prepared to jump every time the dinner bell rings?
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Are you willing to set up your own tables?
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Is it possible that a table in Singapore or Shanghai might value
your shellfish more than the local table?
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Evaluating Shellfish – What Does Foley Fish Look For?
Quality of Harvest Area / Environment
Uniformity of Size
Cleanliness of Shell
Meat to Shell Ratio
Salinity / Taste
Logistics – time out of water
Availability – Harvest Season
Commitment of the Farmers
Record Keeping
Blue Hill Bay at Sunrise
Name
Price
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Tell the Role of the Vintner - Shell fisherman
Farmed or Wild Seed
Grown out with upwellers?
Racks or Ocean Floor?
Time in the Beds – Sizing?
Winter Storage?
Tumbled – Cup Shape?
Method of Harvest?
Different Culls?
Washing Method?
Processing - Purged?
What makes your product
different? better?
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Highlight environmental attributes…
shallow water cover, with ample sunlight penetration
8-10 foot tidal movement delivers nutrients and removes waste, twice daily
the harbor has no commercial or industrial development
75% of the land surrounding the harbor is conservation protected
the natural geography creates a tidal swirling effect moving through the
area, constantly reintroducing nutrients
the bay is naturally high in salinity
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Points of Differentiation:
Full traceability from premium
hatchery seed stock
Oysters moved during grow out
for maximum nutrients
Last year of grow-out done in
raised mesh bags for a cleaner
oyster
Graded before shipping for
uniformity of sizing
Purged for cleanliness
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SeaTrace QR code technology
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Characteristics of Foley’s Best Shellfish Vendors
They have a passion for what they do
They are willing to share their knowledge – educate
They are always striving to improve the product
They run their operations as businesses, not a hobby
They are good communicators – in real time
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Keys to Customer Retention
(as espoused by Frank Foley)
Pick a business model and stick with it
Try not to overpromise
Grow your business gradually
Telegraph any price changes
Get to know your customers’ business
Don’t compete with your best customers
(keep a level playing field in all markets)
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