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184 agriculture entrepreneurs vie for slices of “working lands” pie

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2013-01-18

Pent up demand for investment capital among agriculture entrepreneurs has sparked a massive response to the inaugural “Working Lands Enterprise Initiative.”

As part of an attempt to fuel a “renaissance” of the ag economy, lawmakers last year created a $986,500 pot of money from which farm entrepreneurs could apply for grants. The response was overwhelming.

The new program drew 184 preliminary applications from people seeking more than $9 million in funding. The requests are so numerous that the Working Land Enterprise Board will be “unable to invite all … applicants to submit a full proposal,” according to a press release from the Agency of Agriculture. read more...