Grant for Iowa pork company
Iowa-based pork producer Premium Iowa Pork received a $300,000 agriculture grant from the US department of agriculture (USDA).
The Hospers, Iowa-based company received the Value Added Producer (VAP) grant on Monday. The company plans to expand its plant capacity from 700 to 1,800 head per day.
Steve King , a Republican member of the House Agriculture Committee and subcommittee on conservation, credit, rural development and research, presented the grant.
Key role
He said, “This grant programme plays a key role in helping producers compete in the marketplace, increase their profitability, and in turn, keep that money flowing through our local communities.”
Premium Iowa Pork is one of 31 companies from the state of Iowa that received more than $4.2 million in VAP grants from Rural Development this year.
The funds can be used for planning activities or for farm-based renewable energy projects and also to provide working capital for marketing value-added agriculture products.
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