October 01, 2010

Applications Being Accepted Now for Dairy Business Planning Grant

Deadline to apply is Nov. 1, 2010

Today the Missouri Department of Agriculture announced that the Missouri Agricultural and Small Business Development Authority (MASBDA) is now accepting applications for the Dairy Business Planning Grant Program. This funding will enable Missouri's dairy producers to work with qualified dairy business planning professionals to develop a business plan to facilitate startup, improve profitability, increase production and encourage modernization and expansion of dairy farms in Missouri. Funding for the grant is being provided by the Missouri Soybean Association and the Missouri Dairy Growth Council.

"We continue to look for new ways to help Missouri's farmers get ahead," said Director of Agriculture Dr. Jon Hagler. "These business planning grants will help farmers as they seek innovative ways to grow and further develop their existing operations as well as provide needed assistance to those who want to enter the dairy industry."

The Dairy Planning Grant shall not exceed $5,000 or finance more than 90 percent of the cost of the business plan, whichever is less. The dairy producer is required to pay at least 10 percent of the cost of the work done. Applications will be scored competitively.

Applications are being accepted now at mda.mo.gov and must be received no later than 5 p.m. on Nov. 1, 2010. For more information, contact MASBDA at (573) 751-2129 or masbda@mda.mo.gov.