Three SD companies receive USDA grants
Three rural South Dakota startups have received USDA grants totaling approximately $275,000.
The grants can be used for a wide range of purposes, according to the Agriculture Department. They can be used to support local and regional food systems, further the development of the bioeconomy and finance the distribution of local and regional products.
The three South Dakota recipients are:
• Ovis LLC in Canton has been selected to receive a $24,363 Value-Added Producer Grant for working capital that will help generate sales growth and expand on marketing the product OVIShield in the national marketplace. This is a health management tool for the sheep industry.
• Schade Vineyards Inc. in Volga has been selected to receive a $49,999 Value-Added Producer Grant to assist with working capital to diversify their operation into locally grown and produced fruit juices.
• Wild Idea Buffalo Company LLC has been selected to receive a $200,000 Value-Added Producer Grant for working capital to expand and market local production of buffalo into processed meat.
The funding is provided through USDA Rural Development's Value-Added Producer Grant program. The USDA says the program helps agricultural producers grow their businesses by turning raw commodities into value-added products, expanding marketing opportunities and developing new uses for existing products.