Dairy Initiatives

Dairy

Department of Animal Science

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Minnesota Dairy Business
Planning Grant

Purpose: To encourage dairy business planning and modernization activities of Minnesota dairy farms.

Eligible Activities: Proceeds from an award may only be used to cover the cost of having a qualified, independent third party provide the professional services needed to help the applicant evaluate the start-up, modernization, or expansion of a dairy farm.

Amount: The Minnesota Department of Agriculture can provide 50 percent of eligible project costs up to a maximum of $5,000. The actual amount of funds awarded is based on:

• the viability of the project
• the project's economic impact
• fund availability

Applicants must contribute at least 50 percent of the total project costs from sources other than the State of Minnesota.

Eligibility: Existing and start-up Minnesota dairy producers are eligible to apply.

Proposals must contain at minimum the following key components of a business plan:

• Executive Summary
• Short- and Long-Term Goals and Objectives
• Management Analysis
• Current and Historical Financial Information/Production Information
• Analysis of Proposed Business Changes

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Volume 10    Issue 3    Fall 2001