USDA Announces Value-Added Producer Grants To Support The Bioeconomy

more+
less-

On August 19, 2014, the U.S. Department of Agriculture (USDA) announced that the Agency is investing $25 million to support 247 businesses throughout the country under the Value-Added Producer Grant program (the program). The program was reauthorized under the 2014 Farm Bill. It is designed to "[help] agricultural producers grow their businesses by turning raw commodities into value-added products, expanding marketing opportunities and developing new uses for existing products." According to USDA's press release on the announcement, the program may be used for various purposes, including helping to grow the bioeconomy.

In fact, two of the grants will directly support further development of bioproducts. In South Carolina, ATP-SC, LLC will receive $200,000 to be used to "process various bio-crops, using Torre faction and related processes, turning them into a feedstock from which various bio-products can be made." And in Tennessee, Stony Creek Colors, Inc. will receive $199,987 to "be used as working capital for the recipient's bio-based textile colorants from farm-grown natural dye crops business."

A copy of USDA's press release, which includes a link to the full list of program recipients, is available online.

Topics:  Farm Bill, Farms, Federal Grants, Food Manufacturers, Grants, USDA

Published In: Agriculture Updates, Finance & Banking Updates, Science, Computers & Technology Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Bergeson & Campbell, P.C. | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »