Friday, October 28, 2016

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Agriculture Secretary Vilsack Awards $45 Million in Grants to Help Agricultural Producers and Small Rural Businesses Develop New Products

EAU CLAIRE–Agriculture Secretary Tom Vilsack today announced that USDA is providing more than $45 million to help farmers, ranchers, small businesses and entrepreneurs nationwide develop new product lines. USDA is investing in 325 projects through the  Value-Added Producer Grant (VAPG) program.
"Value-Added Producer Grants are one of USDA's most sought-after funding sources for veteran and beginning farmers, and rural-based businesses," Vilsack said. "These grants provide a much-needed source of financing to help producers develop new product lines and increase their income, and keep that income in their communities. Economic development initiatives like this one are working – the unemployment rate in rural America is at an eight-year low and incomes rose 3.4 percent last year. Small business entrepreneurship, which Value-Added Producer Grants support, is a major reason why rural America is a making a comeback."
VAPG grants can be used to develop new product lines from raw agricultural products or promote additional uses for established products. Veterans, socially-disadvantaged groups, beginning farmers and ranchers, operators of small- and medium-sized family farms and ranches, and farmer and rancher cooperatives are given special priority.

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