The Minnesota Agriculture Department announced that $1 million in grant funding is being made available to livestock producers in the state for on-farm improvements.
The Livestock Investment Grant help farmers stay competitive and reinvest in their industry. The 237 grant recipients to date have invested an estimate of $75 million in upgrades to their operations since the program began in 2008.
Qualifying producers would be reimbursed ten percent of the first $500, 0000 of investment, with a minimum investment of $4,000. Qualifying expenditures include purchase, construction, or improvement of building or facilities for the production of livestock and purchase of fending 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 2014 program. The grants are incentives to start projects and will not be awarded to works in progress. Grants will be competitively funded based on how well applicants score.
The deadline to apply for the grant program is February 21, next year. More information on the Minnesota Livestock Investment Program can be found at www.mda.state.mn.us/livestockinvestmentgrant.