REAP2012

ARKANSAS FARMERS REAP SUCCESS

Matt King Economist Arkansas Farm Bureau

ARKANSAS FARM BUREAU FEDERATION

Arkansas REAP Projects • Poultry House Upgrades – Fans, heaters, insulation, doors, solid side walls, ect

• Irrigation Upgrades – Diesel to Electric – Replacing old wells – New Pivots and Pivot Renozzeling

• Stirred interest in Renewables • Grain dryers

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The History of REAP in Arkansas Number of Grants

Grants Approved

Total Grants

Grants Approved from FB Grant Writer

FB Member Awards

2007

1

1

$25,890

2008

8

4

$113,659

2009

5

4

$38,037

2010

49

44

$1,007,990

26

$585,483

2011

68

45

$862,326

34

$616,873

Total

131

98

$2,047,902

60

$1,202,356

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What is the benefit of the REAP program in Arkansas?

THE 2010 REAP APPLICANTS IN AR OVERALL SHOWED: • Grant dollars received = $585,483 • Total dollars saved = $323,210

• Average Return On Investment (ROI) of 15.82%

Farmers Like the REAP Program • Flexible • Application process relatively painless – Coordination between USDA agencies on information

• Huge cost savings beyond the payment • Works on their timetable

ARKANSAS FARM BUREAU FEDERATION