Friday, 02 21, 2014
FRANKFORT, Ky. (Feb. 21, 2014) - Today the Kentucky Agricultural Development Board (KADB), chaired by Gov. Steve Beshear, approved $762,927 for nine agricultural diversification projects across the Commonwealth during its February 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. Two Deceased Farm Animal Removal Programs were approved for Christian and Hardin 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 in an effort to increase net farm income. CAIP covers a wide variety of on-farm agricultural enterprises in its 10 investment areas, including production, marketing and value-added processing. Five CAIPs were approved by the board totaling $715,042 for Breckinridge, Christian, Ohio, Owsley and Rowan 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. Shared-use Equipment was approved by the board for Metcalfe County totaling $32,885.
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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