The Alaska Seafood Marketing Institute (ASMI) will have $1 million (€911,000) less to spend on promotional efforts next year.
Overall, the marketing group expects to spend $17,473,652 (€15,916,920) from its primary funding sources, down from the $18,553,106 (€16,900,205) in fiscal year 2020.
ASMI’s three primary funding sources include the US Department of Agriculture’s (USDA) Agricultural Trade Promotion Program (ATP) and the agency’s Market Access Funding Program (MAP), in addition to funds derived from a marketing assessment of one-half of 1 percent on the state’s catch paid for by Alaska processors, which equals$11,480,000 (€10,457,328) for the fiscal year 2021.
