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Soybean extrusion mill receives funding Melodie Phelps News Editor By fall, Lake Cumberland Milling will be in full operation and ready for the 2005 soybean harvest. The local soybean extrusion mill officially received funding on Friday, May 13, with a check presentation from the Governorıs Office of Agricultural Policy and the Kentucky Agricultural Development Board. Lake Cumberland Milling received a forgivable $1,165,000 loan to renovate Wayne County Feed and Supply to include the soybean extrusion mill. Agriculture Development Funds invested in this project include $20,000 in Wayne County, $20,000 in Pulaski County, $20,000 in Russell County, $5,000 in Clinton County, and $1,100,000 in state funds. ³I think this is a great day in the history of Wayne County agriculture,² said Henry Stringer, with Lake Cumberland Milling. Stringer was pleased to see a number of farmers attend Friday morningıs ceremony. He noted that some pieces of equipment needed in the soybean extrusion process have already been ordered. He expects the mill to be ready when the soybean crop is harvested in October and November. Lake Cumberland Millingıs proposed soybean extrusion mill will create a market for 250,000 bushels of soybeans for area farmers. Additionally, the availability of soybean meal in the area will save local livestock producers the transportation costs currently assessed on purchased feed. ³Kentuckyıs hard working farmers depend on a grant like this to bring economic development opportunities to the counties in which they live,² stated Governor Ernie Fletcher, in a press release he issued recently about the project. ³By helping farmers find ways to diversify their production, we can help to ensure that Kentuckyıs farmers are prosperous today and for generations to come.² Keith Rogers, Executive Director with the Governorıs Office of Agricultural Policy, was among speakers who addressed local farmers on Friday morning. He congratulated those who planned this project and pointed out the support it has received in funds from neighboring counties. ³A soybean extrusion mill will benefit a great number of farmers,² said Rogers. Among the crowd Friday were State Representative Ken Upchurch and State Representative Tommy Turner, both who have helped support this project. Upchurch also congratulated those who planned and stood behind the project over the past several years. Upchurch said this is one of the best agriculture projects he has heard about. ³I am very proud to be a part of this project,² said Upchurch. ³I am sure that it will be successful.² Add a comment |
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