The Governor's Office of Agricultural Policy provides grants, incentives and low interest loans to help farmers and agribusinesses innovate and grow. The Governor’s Office of Agricultural Policy (GOAP)
was established in 1998 to provide a direct link between the Governor of the Commonwealth and one of Kentucky’s most important industries, agriculture. The Kentucky Agricultural Development Board and the Kentucky Agricultural Finance Corporation Board are administered by the GOAP.
The Kentucky Agricultural Development Fund
, in statute, is administered by the Kentucky Agricultural Development Board. The mission of the board is to invest these funds in innovative proposals that increase net farm income and affect tobacco farmers, tobacco-impacted communities and agriculture across the state by stimulating markets for Kentucky agricultural products. This includes finding new ways to add value to Kentucky agricultural products and exploring new opportunities that will benefit Kentucky farms now and in the future.
The Kentucky Agricultural Finance Corporation (KAFC)
addresses the unique financing needs of agriculture in the Commonwealth. The mission of the KAFC Board is to strengthen Kentucky agriculture by providing access to low-interest loan programs through joint partnerships with local lending institutions. KAFC assists beginning farmers, farm families and agribusinesses obtain the necessary capital to establish, maintain or expand their agricultural operation.