Success StoryFarmers Utilize CAIP Funds to Reinvest into Farm Businesses
Farmers Utilize CAIP Funds to Reinvest into Farm Businesses
Author: Roger "Darrell" Simpson
Planning Unit: Muhlenberg County CES
Major Program: Farm Management, Economics and Policy
Plan of Work: Planning for the Family and Farm
Outcome: Long-Term Outcome
Reinvestment in a business is a must if that business is to succeed. Farming is no exception. Muhlenberg County farmers have been utilizing funds from the County Agriculture Investment Program (CAIP) for several years to do just that. Those reinvestments have included honeybees, vegetables, grain, forages, sheep, and beef cattle. This agent obtained information from the administrator of the Muhlenberg County Cattlemen's Association to ascertain the amount of money that County Agriculture Investment Program (CAIP) participants have expended and received since 2013. Producers participating in the County Agriculture Investment Program have expended $2,167,527.72 and have received $466,134.99 in cost share funds in the ten year period. Essentially, the producers have spent 4.65 dollars for every one dollar they have received in cost share. These farm businesses are growing.
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