The Tennessee Department of Agriculture has announced a new agribusiness development grant, the Agriculture Enterprise Fund.
The AEF is an incentive that will provide assistance to new and expanding Tennessee agriculture and food businesses, particularly in rural counties. The fund will help meet the goal of eliminating distressed counties in Tennessee by 2025. It is administered by the Department of Agriculture in conjunction with the Department of Economic and Community Development, a Rural Task Force partner.
The AEF will address key components of agricultural economic development including increasing on-farm income, improving farmers’ access to markets, increasing capacity of existing agribusinesses and agricultural innovation.
The Department of Agriculture is accepting applications on a rolling basis and encourages interested applicants to apply soon. For more information, go to the website http://www.tn.gov/agriculture/topic/agriculture-enterprise-fund.