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Investments Made in Agricultural Diversification Projects

Friday, 03 15, 2013

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

FRANKFORT, Ky. (March 15, 2013) - Today the Kentucky Agricultural Development Board (KADB), chaired by Governor Steve Beshear, approved $305,881 for eight county agricultural diversification projects across the Commonwealth during its March board meeting at the Franklin County Cooperative Extension Office.

State investments approved included:

Agricultural Asset Mapping
The Pennyrile Area Development District (PADD) was approved for $100,000 in state funds to conduct a statewide mapping project of Kentucky's agricultural assets.  In coordination with the other 14 area development districts, a database of Kentucky's agricultural assets and resources will be developed, including potential sites for agricultural development, agricultural industrial sites, food production and supply facilities, as well as other critical agricultural infrastructure locations.  For more information on this project, contact Chris Sutton, PADD executive director, at 270-886-9484, 270-625-2766 or chris.sutton@ky.gov

County investments approved included:

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 Nelson County totaling $7,500.

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.  Four CAIPs were approved by the board totaling $163,500 for Hardin, Henry, Jefferson and Taylor counties.

In addition to these new approvals, an additional $24,389 was approved to supplement an existing CAIP in Carter County.

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 $10,492 for McCreary 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.