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FOR IMMEDIATE RELEASE June 21, 2003 $2,897,778 Invested in Kentucky Agricultural DiversificationThe Kentucky Agricultural Development Board, chaired by Governor Paul Patton, approved $2,897,778 in agricultural diversification projects across the Commonwealth at the monthly Board Meeting on June 20 at Duntreath Farm in Bourbon County. Agricultural Development Fund Projects approved for funding at the June meeting include:
County model programs are designed to provide farmers with cost-share funding to allow them to improve and diversify their current production practices. The agricultural diversification program is designed to assist in the transition into ten new areas of agriculture including dairy, aquaculture, and horticulture. The fencing program improves net farm income through improved pasture quantity, quality and efficient use of fencing for livestock producers. The forage program improves pastures to allow for improved grazing by animals, reducing producer costs for feed, and improving feed quality. The cattle handling and cattle genetics programs allow for assistance to purchase equipment and animals to improve the health and profitability of cattle. The goat diversification program works to assist producers to venture into this relatively new area of agriculture in Kentucky. The hay, straw, & commodity storage program allows producers to increase the quality and marketability of products to improve the overall farm income. The on-farm water enhancement program allows producers to adopt a proactive and systematic approach to expanding existing water supplies or to develop alternative water sources. The following is a list of County model programs that were approved for funding at this meeting. County Agricultural Diversification Programs approved by the board totaled $429,131 included:
County Fencing Improvement Programs approved by the board totaled $150,000 and included:
County Forage Improvement Programs approved by the board totaled $268,526 and included:
County Cattle Genetics Improvement Programs approved by the board totaled $199,048 and included:
Goat Diversification Programs approved by the board totaled $24,094 and included:
County Cattle Handling Programs approved by the board totaled $271,685 and included:
County Hay, Straw and Commodity Storage Programs approved by the board totaled $1,118,500 and included:
Kentucky has made a historic effort to diversify away from tobacco production while revitalizing the farm economy by investing 50% of Kentucky’s Master Settlement Agreement into the Kentucky Agricultural Development Fund. Of this 50% allocation, 65% of the Fund is set aside for regional and statewide agricultural projects, while 35% is earmarked for individual counties on the basis of their tobacco dependence. Since the inception of the program in January 2001, the Agricultural Development Board has reviewed over 2000 proposals and approved over 1100 proposals committing over $114 million to an array of county, regional, and state projects designed to increase net farm income and create sustainable new farm-based business enterprises. ### |
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