MDA announces recipients of $1.1 million in Livestock Investment Grants

2013-06-25T09:39:00Z MDA announces recipients of $1.1 million in Livestock Investment Grants Minnesota Farm Guide
June 25, 2013 9:39 am

ST. PAUL, MINN. – Minnesota Agriculture Commissioner Dave Frederickson has announced the recipients of the state’s latest round of Livestock Investment Grants. Nearly 100 producers were selected to share $1.1 million in grants aimed at boosting the state’s livestock sector.

 

“Livestock production and processing pumps $11.6 billion into our state economy so it’s important to provide an incentive for livestock farmers to reinvest in their industry,” says Frederickson. “This grant program will help them stay competitive and ensure Minnesota remains one of the top ten states in livestock production.”

 

Grant recipients include beginning farmers, as well as organic and traditional farmers. The grantees will use the funds to pay for improvements or expansions on farms raising beef, swine, dairy, poultry and goats. Some of the recipients wanting to transfer ownership of their farms to their sons and daughters will use the grants to help with the transition process. The grants do not pay for the purchase of land or livestock.

 

The Livestock Investment Grant Program is made possible through the Agricultural Growth, Research, and Innovation (AGRI) fund established by the legislature to advance Minnesota’s agricultural and renewable energy industries.

 

MDA will begin accepting applications for a new round of grants July 1, 2013. Qualifying producers are reimbursed ten percent of the first $500,000 of investment, with a minimum investment of $4,000.

Copyright 2015 Minnesota Farm Guide. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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