NEWS
RELEASE
United States Department
of Agriculture Rural Development
3001 Coolidge Rd. 2nd Floor North Suite 200 East Lansing, MI 48823
Phone: (517) 324-5204 Fax: (517) 324-5225
alec.lloyd@mi.usda.gov
Contact: Alec Lloyd
(517) 324-5204
USDA Rural Development announces $125,000 Value-Added Producer Grant for Macomb County business
EAST LANSING, June 8, 2010 U.S. Department of Agriculture Rural Development Director for Michigan James J. Turner today announced a $125,000 Value-Added Producer Grant for Falker Family Farm in Bruce Township.
The money will be used as working capital to process and bottle milk on-site and produce farm-made ice cream.
The grants are part of $22.5 million in grants to recipients in 45 states. Michigan has seven projects totaling $814,815.
Funds may be used for feasibility studies or business plans, working capital for marketing value-added agricultural products and for farm-based renewable energy projects. Eligible applicants include independent producers, farmer and rancher cooperatives, and agricultural producer groups. Value-added products are created when a producer increases the consumer value of an agricultural commodity in the production or processing stage.
USDA, through its Rural Development mission area, administers and manages more than 40 housing, business and community infrastructure and facility programs through a national network of 6,100 employees located in the nations capital and 500 state and local offices. These programs are designed to improve the economic stability of rural communities, businesses, residents, farmers and ranchers and improve the quality of life in rural America. Rural Development has an existing portfolio of more than $138 billion in loans and loan guarantees.
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