Oklahoma Ag Enhancement and Diversification Grand and Load deadline is July 1

TSCRA Daily News Update, June 2, 2008

Oklahoma Ag Enhancement and Diversification
Grant and Loan deadline is July 1

Grant and loan application deadline for the next Oklahoma Agricultural Enhancement and Diversification program is July 1.

State agriculture officials are urging all producers with innovative ideas to apply.

Agricultural diversification grants of up to $5,000 are available as well as interest-free loans in three categories: Cooperative Marketing Loans, Marketing and Utilization Loans, and Basic and Applied Research Loans.

Approximately $450,000 is available through the program. Applications are accepted quarterly and nine were approved last quarter. Six diversification grants were awarded and ranged from $3,800 to $5,000.

Two Marketing and Utilization Loans were awarded for stimulating beef and bakery product sales. One Basic and Applied Research Loan was also awarded.

Loans may not be used to purchase land, buildings or equipment. Eligible expenses include feasibility studies, business plans, legal expenses, consultant fees, product development and marketing.

Applications are available online from the ODAFF at www.oda.state.ok.us by clicking the "Loans" link.

For more information contact Jason Harvey at 405/522-5563.

The mailing address is Oklahoma Department of Agriculture, Food, and Forestry, 2800 N. Lincoln Blvd., Oklahoma City, OK 73105.