Nearly 600 vie for $1 million in Minnesota grants

September 17, 2008 07:00 PM
 
 
            Nearly 600 Minnesota livestock producers have applied for more than $11 million in grants to offset the costs of new investments in their operations. These investments are valued at approximately $150 million.
            There's only one problem: The Minnesota Legislature has allocated just $1 million for the program. (The program was initially envisioned as a dairy-only investment tax credit, but was broadened to all classes of livestock and converted to a grant program.)
            Grants will be awarded competitively. Livestock producers had until September 15 to apply for grant assistance. Those qualifying will be reimbursed 10% of the first $500,000 of their investment, with a minimum investment of $4,000. The applications are currently being reviewed, and all applicants will be notified by October 30.

Back to news


 

Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close