Friday, 09 20, 2013
FRANKFORT, Ky. (Sept. 20, 2013) - Today the Kentucky Agricultural Development Board (KADB), chaired by Governor Steve Beshear, approved $1,507,868 for 15 agricultural diversification projects across the Commonwealth during its Sept. board meeting.
State and regional investments approved included:
Food Technology Lab
Morehead State University was approved for up to $90,000 in state and county funds to construct a food technology lab and food service area at the Derrickson Agricultural Complex. The lab will allow Agricultural Science students to learn about food processing and entrepreneurship. Funds will be used for design and enclosure of a portion of Richardson Arena for the lab, as well as necessary equipment. For more information about this project, contact Philip Prater, professor at Morehead State University, at 606-783-9364, 606-776-9378 or email@example.com.
County investments approved included:
The Deceased Farm Animal Removal Program serves as a measure to facilitate the coordination of environmentally sound and cost-effective disposal of deceased livestock for Kentucky producers. Two Deceased Farm Animal Removal Programs were approved for Adair and Shelby counties totaling $15,000.
The County Agricultural Investment Program (CAIP) is designed to provide farmers with incentives to allow them to improve and diversify their current production practices. CAIP covers a wide variety of on-farm agricultural enterprises in its 10 investment areas, including production, marketing and value-added processing. Seven CAIPs were approved by the board totaling $1,250,522 for Carroll, Casey, Gallatin, Laurel, Owen, Robertson and Wayne counties.
In addition to these new approvals, an additional $150,846 was approved to supplement existing CAIPs in Adair, Garrard, Jessamine and Whitley counties.
The Shared-use Equipment Program is designed to benefit a high number of producers who cannot justify ownership expenses associated with certain equipment by helping them access technology necessary to improve their operations in an economical manner. A Shared-use Equipment program was approved by the board in the amount of $1,500 for Pulaski County.
Gov. Steve Beshear and the Kentucky General Assembly continue to make great strides toward lessening Kentucky's dependence on tobacco production while revitalizing the farm economy by investing 50 percent of Kentucky's Master Settlement Agreement into the Kentucky Agricultural Development Fund.
To date, Kentucky has invested more than $400 million in an array of county, regional and state projects designed to increase net farm income and create sustainable new farm-based business enterprises. These funding approvals, made possible by the Kentucky Agricultural Development Fund, represent just a few of the more than 4,800 projects approved, since the inception of the program in January 2001.
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