Friday, 11 22, 2013
FRANKFORT, Ky. (Nov. 22, 2013) - Today the Kentucky Agricultural Development Board (KADB), chaired by Gov. Steve Beshear, approved $1,396,791 for 12 agricultural diversification projects across the Commonwealth during its November board meeting at the Kentucky Chamber of Commerce.
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. Three Deceased Farm Animal Removal Programs were approved for Henry, Nicholas and Taylor counties totaling $22,500.
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 $1,323,140 for Boyle, Fleming, Lewis, Madison, Montgomery, Nicholas and Spencer counties.
In addition to these new approvals, an additional $51,151 was approved to supplement existing CAIPs in Henry and Mason counties.
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.
"Like" us at www.facebook.com/kyagpolicy to receive updates and information from the Governor's Office of Agricultural Policy.