Maximize Farm Profits With Cost Share Program

NASHVILLE – Tennessee farmers and producers have the opportunity to expand their operations, increase farm efficiency, and make positive economic impact in their communities with the Tennessee Agricultural Enhancement Program (TAEP).

The 2018 TAEP application period has been set for Oct. 1 – 15. The program was established in 2005 to provide cost share dollars to agricultural producers for the purpose of making long-term investments in Tennessee farms and communities. Since then, more than $152 million has been invested in more than 51,300 producer projects.

“This program does more than increase farm profits,” Agriculture Commissioner Jai Templeton said. “Each TAEP dollar generates nearly $4 in local economies. We appreciate the support from Governor Haslam and the Tennessee General Assembly as this program continues to strengthen our state’s number one industry.”

Producers can apply for a variety of programs and qualify for up to 50 percent cost share. Producers should use Application A for livestock equipment, genetics, hay storage, livestock solutions, livestock working facility cover, and grain storage.

A separate Application B is available for the Producer Diversification program. That program assists farmers with investments in agritourism, fruits and vegetables, honey bees, horticulture, organics, and value-added products. Producer Diversification applications are competitively evaluated by industry sector. Application C is available for commercial poultry growers.

Approval notifications are scheduled to be mailed in mid-December. Program purchases can be made starting October 1, 2018 and must be completed by the program’s final reimbursement request deadline. Participants are encouraged to make purchases and submit reimbursement requests in a timely manner to avoid processing delays.

To ensure accuracy, producers are encouraged to work with their local extension agent or a TDA representative to complete the application. For more information about the program and for an application, click here or call 1-800-342-8206.