Governor's Office of Agricultural Policy
Agricultural Development Funds Awarded
FRANKFORT, Ky. (May 21, 2010) - The Kentucky Agricultural Development Board (KADB), chaired by Gov. Steve Beshear, today approved $1,716,593 in 15 agricultural diversification projects across the Commonwealth during their May board meeting.
The following investments were made through the Multi-County Agri-Energy Initiative using American Recovery & Reinvestment Act (ARRA) Funds and Kentucky Agricultural Development Funds*:
$54,000 Western Kentucky AgBioworks
The Western Regional Center for Emerging Technology was approved for $25,000 in ARRA funds, $25,000 in state and $2,000 each in Graves and Todd County Agricultural Development Funds to implement a multi-county program for the development of western Kentucky’s emerging bio-energy industry.
$215,000 Quarry Lake Water Project
Commonwealth Agri-Energy Inc. was approved for $100,000 in ARRA funds, $100,000 in state, $10,000 in Christian and $5,000 in Todd County Agricultural Development Funds to reduce the amount of electricity required for the ethanol plant’s cooling systems.
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. CAIPs approved by the board totaled $1,428,293 and included:
Daviess County, Green River Area Beef Improvement Group $150,000
Fayette County Conservation District $150,000
Graves County, Jackson Purchase RC&D $53,588
Henry County Cattlemen's Association, Inc. $299,193
Hopkins County Farm Bureau of Hopkins County Kentucky $45,109
McLean County, Green River Area Beef Improvement Group $78,963
Meade County Cattlemen's Association, Inc. $64,639
Mercer County Farm Bureau, Inc. $250,000
Muhlenberg County, Green River Area Beef Improvement Group $136,801
Woodford County Agriculture Advancement Council, Inc $200,000
The Deceased Farm Animal Disposal Assistance Program serves as an interim measure to facilitate the coordination of environmentally sound and cost-effective disposal of deceased livestock for Kentucky producers. County Deceased Farm Animal Disposal Assistance Programs approved by the board totaled $7,250 and included:
Jessamine County Fiscal Court $5,000
Rockcastle County Conservation District $2,250
The Shared-use Equipment Program is designed to impact 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. County Shared-use Equipment Programs approved totaled $12,050 and included:
Nicholas County Fiscal Court $12,050
Gov. Steve Beshear and the Kentucky Legislature 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 $300.9 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 represent just a few of more than 3,648 projects that have been funded through the Kentucky Agricultural Development Fund, since the inception of the program in January 2001.
* The Multi-County Agricultural Energy Initiative funds are made possible through the Renewable Energy Partnership between the Governor’s Office of Agricultural Policy (GOAP) and the Energy and Environment Cabinet’s Department for Energy Development and Independence. Funding is provided by the U.S. Department of Energy from the American Recovery and Reinvestment Act (ARRA).