Dairy Business Planning Grant

Dairy Business Planning Grant

Status: ACTIVE
Funder: Minnesota Department of Agriculture (MDA)
Amount: US $500 - US $5,000
Last Updated: March 05, 2025

Summary

The Dairy Business Planning Grant supports Minnesota dairy farms and processors by funding 50% of the cost, up to $5,000, for hiring experts to provide technical assistance. This includes evaluations of operations, legal advice for transitions, and expansion plans. Approximately $83,000 is available each fiscal year, enabling applicants to request grants between $500 and $5,000. The grant also requires a comprehensive business plan report to be submitted with reimbursement requests, outlining goals and financial projections.

Overview

Dairy Business Planning Grant The Dairy Business Planning Grant encourages business planning for Minnesota dairy farms and dairy processors. Grants cover 50% of the cost, up to $5,000, to hire a qualified, independent third party to provide technical assistance services for evaluating the operation, transitional changes, expansions, improvements, and other business modifications. Amount available We have approximately $83,000 available each fiscal year (July 1 through June 30).You may request a grant amount between $500 and $5,000 per farm or processor.You are responsible for the other 50%. Eligible Activities Grant funds may only be used for hiring a professional to provide technical assistance services, such as: Evaluating the operationLegal advice for farm transitionDeveloping plans for an expansionAssessing improvements and business modifications The provider must also assist in creating a business plan report for you to submit with your reimbursement request. This report must include the following: Executive summaryShort- and long-term goals and objectivesAnalysis of proposed business changesFinancial projections on how the business plan will change operations on the farm or processor

Eligibility

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