Missouri Agricultural & Small Business Development Authority's Value-Added Grant Program
The Missouri Agricultural and Small Business Development Authority (MASBDA) is now accepting applications for grants to assist farmers with business planning expenses for projects that develop, process or market agricultural goods.
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Grants are awarded on a competitive basis, and applications will be scored based on their economic development potential for the agriculture industry, credibility and merit, probability of near-term commercialization and practical application of project results, source and level of matching funds and the likelihood of a project's near-term success.
"Developing methods of adding value to agriculture is imperative to our industry's continued growth," said Director of Agriculture Richard Fordyce. "By offering value-added agriculture grants, the Department continues to play a part in encouraging innovative agriculture practices."
Past projects have included feasibility studies for freshwater shrimp production, new uses for raw rice and bio-based building materials. Projects funded in previous years have also included business plans and marketing plans for specialty meat processing, tree nuts and high-value dairy products.
The maximum individual grant is $200,000. Applicants are required to provide a 10 percent cash match toward eligible expenses, which do not include operating expenses, salaries or capital improvements. These grants are funded by contributions made to MASBDA through the purchase of tax credits.
Applications must be received by MASBDA no later than 5 p.m. Dec. 28. Incomplete applications will not be accepted. For more information on the program and complete guidelines, visit agriculture.mo.gov or contact MASBDA at firstname.lastname@example.org or (573)751-2129.