LEXINGTON, Ky. - The Kentucky Agricultural Development Board, chaired by Gov. Steve Beshear, approved $708,855 for nine agricultural diversification and rural development programs across the Commonwealth during its January board meeting.
County investments approved included:
Laurel, Wolfe, Madison, Lincoln and Johnson counties were approved for the County Agricultural Investment Program (CAIP) totaling $689,355. 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.
In addition to these new approvals, an additional $2,300 was approved to enhance an existing CAIP in Webster County.
Oldham, Taylor and Lincoln counties were approved for the Deceased Farm Animal Removal Program (DAR) totaling $17,200. DAR serves as a measure to facilitate the coordination of environmentally sound and cost-effective disposal of deceased livestock for Kentucky producers.
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 a portion of Kentucky's Master Settlement Agreement Funds into the Kentucky Agricultural Development Fund.
To date, Kentucky has invested more than $439 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 5,000 projects approved, since the inception of the program in January 2001.
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