||2008 Aquaculture Grant Program (AGP) - ARRA - 2009
||Department of Agriculture and Consumer Services
||On February 17, 2009, President Obama signed into law the American Recovery and Reinvestment Act of 2009 (ARRA). Under this Act the State of North Carolina was provided $797,772 for the purpose of providing financial assistance to eligible aquaculture producers that suffered losses associated with high feed input costs during the 2008 calendar year. This Program will be administered by providing vouchers to eligible aquaculture producers. Vouchers will be presented to specified feed mills and/or distributions for the purchase of feed only.
||Only persons currently farming aquaculture species in the State of North Carolina with a North Carolina Department of Agriculture and Consumer Services (NCDA&CS) Aquacultue Production License or Division of Marine Fisheries Aquaculture Operations Permit qualify for this Program. Further eligibility requirements are the aquaculture producer experienced at least a 25% increase in 2008 feed costs above the previous 5-year average; raised an aquaculture species in a controlled environment; maintained the aquaculture species as part of a farming operation and had a risk in the production of such species; and produced an aquaculture species for which 2008 feed costs represented at least 25% of the producer's total input costs for the aquaculture operation.
|| State Amount not specified
|| Other Amount not specified
|| agricultural marketing, small business