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GROWING KENTUCKY AGRICULTURE
& INVESTING IN ITS FUTURE
Stewardship in Agriculture
Governor’s Conference on Energy
& the EnvironmentOct. 7, 2014
Who are we?
• Est. 1998
• Provide a direct link between the Governor and agriculture
• Support the Kentucky Agricultural Development Board (KADB), Kentucky Agricultural Finance Corporation (KAFC)
• Advisor to the Governor on agricultural issues
• Work with Kentucky’s agriculture industry on state and national policy development
GOVERNOR’S OFFICE OF AGRICULTURAL POLICY
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KENTUCKY AGRICULTURAL DEVELOPMENT FUND
$420,000,000Invested in state, regional and county
projects across the Commonwealth
Totaling more than
More than 4,800 projects
3
KADF OPPORTUNITIES
County Agricultural Investment Program (CAIP)
On-Farm Energy Incentives
KADF project grants, loans
Kentucky Agricultural Finance Corporation low-interest loans
To view 6 minute GOAP video – visit: http://youtu.be/FUc2VDYjlZk
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County Agricultural Investment Program (CAIP)1. Agricultural Diversification
2. Large Animal
3. Small Animal
4. Farm Infrastructure
5. Fencing & On-Farm Water
6. Forage & Grain Improvement
7. On-farm Energy
8. Poultry & Other Fowl
9. Technology & Leadership Development
10. Value-Added & Marketing
KADF INVESTMENT PROGRAMS
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THE ENERGY PROGRAM
2014 On-Farm Energy Efficiency & Investment Program
Purpose: to provide incentives for Kentucky farm families to increase energy efficiency
Funding: 50% reimbursement, up to $10,000actual cost of qualified items
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ITS IMPACT
Approvals to Date
Total Project Costs: $32,034,067Total Investment: $ 4,737,777Annual Energy Savings: $ 3,536,962
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ITS IMPACT
PoultryHeaters, insulation, attic inlets, tunnel doors
Helping Farm FamiliesMaking it more cost effective to stay on the farm
Alex BuckMonroe Co.Investment: Insulation and ventilationTotal Project Cost: $43,000Annual savings: $3,272
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ITS IMPACT
GrainGrain dryer upgrades
Sustaining the Next GenerationMaking it more cost effective to stay on the farm
Brandon GlennDaviess Co.Investment: grain drying facilityTotal Project Cost: $82,831Annual savings: $4,762
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ITS IMPACT
Energizing Kentucky AgricultureMaking it more cost effective to stay on the farm
Henkle’s Herbs & HeirloomsMark and Velvet Henkle, Jessamine Co.Investment: biomass burner for 30’ x 96’ greenhouseTotal Project Cost: $23,000Annual energy savings: $4,433
Renewable EnergyWood
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Auditors, grant writers, commodity organizations, RECC, TVA and many more
OUR PARTNERS
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KADF Projects
Kentucky ProudMore than $13 million invested
KADF INVESTMENT PROGRAMS
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Beef CattleNearly $60 million state and county invested
Kentucky Wine/ Grape IndustryMore than $2.4 million invested in state & local projects
KADF Projects
Commonwealth Agri-Energy
KADF INVESTMENT PROGRAMS
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Kentucky Center for Agriculture & Rural DevelopmentMore than $2.6 million for technical assistance, since 2001
Poultry House Evaluation Project$338,818 to evaluate energy use of poultry houses
CAPITAL ACCESS
Invested across the Commonwealth
FOR MORE THAN
$69 million
550 Loans Approved
Kentucky Agricultural Finance CorporationInvesting in the future of Kentucky agriculture
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KAFC PROGRAMSAgricultural Infrastructure Loan Program (AILP)Building the future of Kentucky agriculture Funds committed: $22,205,023
Loans approved: 343
Jerry O’Bryan (Daviess Co.)$100,000Investment: grain storage facilityFarm Credit Mid-America, Owensboro
Square P Dairy (Logan Co.)$100,000Investment: milking parlor expansion; pack barn constructionFirst Southern National Bank, Russellville
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KAFC PROGRAMSAgricultural Infrastructure Loan Program
Roundstone Native Seed (Hart Co.)$67,700Investment: seed operation expansionKentucky Banking Centers, Munfordville
Brad Stephen (Daviess Co.)$110,000 KAFC / $10,000 Energy grantInvestment: grain complex improvements, storage, dryer upgradeIndependence Bank, Owensboro
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KAFC PROGRAMSAgricultural Processing Loan Program
“It’s Gooo-d!”
Funds committed: $17,455,227Loans approved: 15
F.B. Purnell Sausage (Shelby Co.)$1.5 million participation on $5 million projectInvestment: additional refrigeration and meat processing equipment
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KAFC PROGRAMS
Owensboro Grain (Daviess Co.)$6.5 million participation on $31 million projectInvestment: construct bio-diesel production facility and glycerin refinery
Kenny’s Cheese (Barren Co.)$150,000Investment: cheese facility constructionFarm Credit Mid-America, Glasgow
Agricultural Processing Loan Program
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THE PROGRAMSFunds committed: $24,429,554Loans approved: 177
Beginning Farmer Loan ProgramHelping beginning farmers achieve their dreams
John McLean (Taylor Co.)$250,000 KAFC / $10,000 Energy grantInvestment: Anaerobic digesterUnited Citizens Bank of Southern Ky., Campbellsville
Caleb Ragland (LaRue Co.)$250,000Investment: 1,600 farrow to wean facilityLincoln National Bank, Hodgenville
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KAFC LENDING PARTNERS
THE FUTURE • KADF / KAFC programs ensure the
sustainability of Kentucky farmers and their families
• We provide current farmers financial opportunities to maintain and grow their current family farming operations
• We also help the future generation of farmers establish and develop their own farming operation
Emerson King (3) – Muhlenberg Co.
Lucas (6), Elly (4) & Mac (2) Courtney – Shelby Co.
404 Ann StreetFrankfort, KY
40601(502) 564-4627agpolicy.ky.gov
Roger Thomas
Executive Director