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The Rolla Daily News - Rolla, MO
  • Rolla farm gets $22K MDA grant

  • Hance Farm, of Rolla, was one of 12 recipients in the state to receive a grant from the Missouri Department of Agriculture (MDA) through its Missouri Value-Added Grant Program.
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  • Hance Farm, of Rolla, was one of 12 recipients in the state to receive a grant from the Missouri Department of Agriculture (MDA) through its Missouri Value-Added Grant Program.
    The MDA awarded more than $800,000 through the grant program, which provides grants for projects that advance the development of Missouri agricultural products while aiding the economy of rural communities.
    Hance Farm will use its share of funds, which total $22,275, to conduct a feasibility study to define expanded uses of sunflower oil and meal.
    “These grants do more than just help expand businesses, they provide Missouri producers with the tools to add value to their agricultural products and the rural communities which support them,” said MDA Dr. Jon Hagler.
    “Missouri’s small agri-business owners have been invaluable in growing Missouri’s agriculture economy and ensuring Missouri agriculture’s continued success. We congratulate these individuals and groups on taking steps to move their businesses and their communities forward,” Hagler said.
    The Missouri Agricultural and Small Business Development Authority awards the value-added grants to promote the development, processing and marketing of new or expanded uses of Missouri agricultural products that will also aid rural economic development.
    The grants are funded from the sale of tax credits and can be used for business planning purposes, such as feasibility studies and marketing plans.
    The maximum individual grant is $200,000, with the applicant required to provide a 10 percent cash match toward the eligible expenses.
    This year’s grants ranged from $17,000 to $198,000, for a total of $808,838 awarded.

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