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Investments Made in Agricultural Diversification Projects

Friday, 06 21, 2013

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

FRANKFORT, Ky. (June 21, 2013) - Today the Kentucky Agricultural Development Board (KADB), chaired by Governor Steve Beshear, approved $4,174,077 for 126 agricultural diversification projects across the Commonwealth during its June board meeting at the Franklin County Cooperative Extension Office.

"I have always said agriculture is not only important to Kentucky's heritage, but it is also an important part of our economy," said Gov. Beshear. "These investments represent an investment in the continuation and advancement of agriculture, as farmers adapt to a changing marketplace. Additionally, our investments in energy efficiency and renewable energy production on the farm will benefit both our farm families and the environment."

State and regional investments approved included:

Energy Incentives
The 2013 KADF On-Farm Energy Efficiency & Production Program provides incentives for Kentucky farm families to increase energy efficiency and renewable energy production. Successful applicants may receive up to 50 percent reimbursement of the actual cost of a qualified energy saving or production project, up to $15,000 in state funds. One hundred applicants for the On-Farm Energy Program were approved for a total of $1,341,833 and included recipients from the following counties: Adair, Barren, Breckinridge, Butler, Caldwell, Calloway, Carlisle, Christian, Clark, Clinton, Cumberland, Daviess, Fulton, Graves, Hickman, Logan, Marshall, McLean, Mercer, Monroe, Muhlenberg, Russell, Scott, Simpson, Taylor, Todd and Warren.  A complete list of recipients by county is attached.

Value-Added Meat Retail Facility
Meat Hook LLC was approved for $3,000 in county funds and $3,000 in state funds for the establishment of a butcher shop and delicatessen to feature Kentucky-grown food products in downtown Louisville. Primal cuts of meat will be sources from Kentucky-based slaughter facilities for Kentucky-raised beef, pork, bison, lamb and poultry. Meat Hook will custom cut the meat, as well as further process through curing and smoking. In addition to meat products produced, the deli will also sell local breads and cheeses. The following counties contributed funds: Henry ($1,500); Jefferson ($500); Oldham ($1,000). For more information, contact Stephanie Greene at 502-582-6300 or sgreene@21chotels.com.

County investments approved included:

Beginning Farmer County Cost-Share Program
The Washington County Cattlemen's Association was approved for $102,500 in Washington County funds to offer a cost-share program that targets beginning farmers. To be considered for the program, a farmer must have at least three years experience, but no more than 10-years experience in operating or participating in the operation of a farm. Eligible participants may receive up to $5,000, not to exceed 50 percent of the project, and must complete a 2-tiered educational component. For more information, contact Rick Greenwell with the cooperative extension service at 859-336-7741.

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. Three Deceased Farm Animal Removal Programs were approved for Franklin, Garrard and Spencer counties totaling $13,167.

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. Sixteen CAIPs were approved by the board totaling $2,283,562 for Adair, Barren, Campbell, Clark, Edmonson, Elliott, Franklin, Garrard, Hart, Henderson, LaRue, Lee, Marshall, McLean, Whitley and Wolfe counties.

In addition to these new approvals, an additional $405,710 was approved to supplement existing CAIPs in Harrison, Magoffin and Oldham 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. Two Shared-use Equipment programs were approved by the board in the amount of $21,305 for Franklin and Laurel counties.

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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 nearly $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 4,700 projects approved, since the inception of the program in January 2001.

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