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:
On-Farm Investments
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.
Environmental Stewardship
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.
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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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