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Investments Made in Agricultural Diversification Projects

Friday, 04 19, 2013

Sandra Gardner
(502) 564-4627
(502) 330-2105
sandra.gardner@ky.gov

FRANKFORT, Ky. (April 19, 2013) - Today the Kentucky Agricultural Development Board (KADB), chaired by Governor Steve Beshear, approved $2,212,220 for 12 agricultural diversification projects across the Commonwealth during its April board meeting at the Franklin County Cooperative Extension Office.

State and regional investments approved included:

Farms to Food Banks
The Kentucky Association of Food Banks was approved for up to $75,000 in state funds and matching county funds for its Farm to Food Banks program.  This program provides a market for surplus and No. 2 produce that may not otherwise be sold.  The produce is distributed through the food banks network.  For more information about this project, visit www.kafb.org or contact Tamara Sandberg at 859-358-6719 or tamara@kafb.org.

Feasibility Study for Regional Meat Processing Facility
The Henry County Cattlemen's Association was approved for $1,750 in multi-county funds to conduct a study into the feasibility of a regional, multi-species meat processing facility.  The study will be conducted by the Kentucky Center for Agriculture and Rural Development (KCARD).  The following counties contributed funds:  Henry ($1,000); Oldham ($250); Shelby ($250); and Trimble ($250).  For more information about this project, contact Chris McBurney at 502-741-7088.

Regional Port Facility Project
The Meade County Riverport Authority was approved for $2 million in state funds as a 1% loan to construct and establish a regional port facility in Brandenburg.  The recipient states that the completed terminal will provide the agriculture community with a more economical way of storing, sorting, processing, marketing and exporting agricultural commodities.  For more information about this project, contact Joe Wright at 270-756-5678 or shinton@wrightimp.com

County investments approved included:

4-H/FFA Youth Cost-Share Program
The Jessamine County FFA Alumni Association Inc. was approved for $8,000 in Jessamine County funds to assist youth with their agriculture projects.  The recipient states that this program has been used as a building block for students to gain interest in agriculture and explore agriculture careers.  First year students are eligible for up to $500 and 2nd year students are eligible for up to $250.  For more information about the project, contact Carl Waits at 859-887-5754, 859-948-5527 or carl.waits@insightbb.com.

Environmental Stewardship
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.  One Deceased Farm Animal Removal Program was approved for Montgomery County totaling $6,625.

On-Farm Investments
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.  One CAIP was approved by the board totaling $15,269 for Harrison County.

In addition to these new approvals, an additional $100,459 was approved to supplement existing CAIPs in Allen, Muhlenberg, Russell, Scott and Woodford counties.

Shared-Use Equipment
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.  Shared-use Equipment was approved by the board in the amount of $5,117 for Madison County.

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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 4,500 projects approved, since the inception of the program in January 2001.