Dexter pellet plant project awarded grant

DEXTER, Mo. -- The Southeast Missouri Pellet Plant Project in Dexter has been awarded a $68,000 grant funding to assist it in conducting a feasibility study to assess a farmer-owned biomass pellet plant.

The Missouri Department of Agriculture has awarded 12 Missouri agricultural projects with grant funding to assist them in converting their agriculture commodities and by-products into more valuable end products. The maximum grant amount is $200,000, and the recipient is required to provide a 10 percent cash match toward the eligible expenses

The Missouri Agricultural and Small Business Development Authority awarded the value-added grants to foster new enterprises that will aid rural economic development.

The grants are funded from the sale of tax credits and can be used for business planning purposes, such as feasibility studies, marketing plans, business plans and legal assistance.