Governor's Office of Agricultural Policy
MORE THAN $3 MILLION IN AGRICULTURAL DEVELOPMENT FUNDS AWARDED
LOUISVILLE, Ky. (Aug. 19, 2011) – The Kentucky Agricultural Development Board (KADB), chaired by Governor Steve Beshear, today approved $3,049,850 in 24 agricultural diversification projects across the Commonwealth during its August board meeting held at the Kentucky Exposition Center, during the Kentucky State Fair.
State and regional investments included:
$350,000 Meat Processing, Retail Distribution
The Wolfe County Fiscal Court was approved for up to $350,000 in a combination of state and county funds to develop a USDA-approved meat processing facility and retail distributorship.
County investments approved included:
$30,000 Fallen Animal Removal Truck
Nelson County Fiscal Court was approved for $30,000 in Nelson County funds to purchase a truck for hauling fallen animals to the local landfill for proper disposal.
$150,000 Greenhouse, Retail Market
Gallrein Farms Inc. was approved for $150,000 in Shelby County funds to expand the greenhouse and retail operations of the farm, which will allow them more space for other Kentucky grown products to offer their growing customer base.
$20,000 Youth Cost-Share Program
The Owen County 4-H Club Council Inc. was approved for $20,000 in Owen County funds to offer a youth cost-share program that will provide a 50 percent match up to $1,000 for youth participating in a 4-H livestock project.
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 agricultural enterprises in its 11 investment areas. Fifteen CAIPs were approved by the board totaling $2,217,575 for Adair, Boyle, Butler, Caldwell, Campbell, Carroll, Clark, Clinton, Fayette, Hardin, Hart, Powell, Robertson, Simpson and Warren counties.
In addition to these new approvals, an additional $277,275 was approved to supplement existing CAIPs in the following counties: Cumberland, Jessamine, Knox and Trigg.
The Deceased Farm Animal Disposal Assistance Program serves as a measure to facilitate the coordination of environmentally sound and cost-effective disposal of deceased livestock for Kentucky producers. One County Deceased Farm Animal Disposal Assistance Programs was approved for Powell County totaling $5,000.
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 $360 million to 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 3,861 projects approved, since the inception of the program in January 2001.