Monday, July 8, 2013

MDA announces $1 million in funding for state’s livestock farmers

ST. PAUL, Minn. – Minnesota Agriculture Commissioner Dave Frederickson today announced that $1 million in grant funding is being made available to livestock producers in the state for on-farm improvements. The Livestock Investment Grants help farmers stay competitive and reinvest in their industry. The 179 grant recipients to date have invested an estimated $55 million in upgrades to their operations since the program began in 2008.

Qualifying producers would be reimbursed ten percent of the first $500,000 of investment, with a minimum investment of $4,000. Qualifying expenditures include the purchase, construction, or improvement of buildings or facilities for the production of livestock, and the purchase of fencing as well as feeding and waste management equipment. Producers who suffered a loss due to a natural disaster or unintended consequence may also apply. The grant will not pay for livestock or land purchases or for the cost of debt refinancing.

Minnesota livestock producers who applied for but did not receive a grant in past years will need to reapply to be considered for the 2013 program.

The deadline to apply for the grant program is September 23, 2013. More information on the Minnesota Livestock Investment Program can be found on the MDA website at www.mda.state.mn.us/livestockinvestmentgrant.