The U.S. Department of Agriculture (USDA) has committed $5 million to support agricultural markets and food businesses in 19 states across rural America. Michigan's recipient of this funding is Verndale Products, Inc., based in Detroit.
Verndale Products, a family-owned and operated business with over 64 years of experience, will utilize the $5 million loan to upgrade its dairy manufacturing plants. The investment will enable the company to purchase and install advanced equipment, doubling its production capabilities. Verndale Products specializes in rolled whole milk powder, catering primarily to premium chocolate manufacturers across North America.
USDA Secretary Tom Vilsack emphasized the importance of these investments in expanding market access and revenue streams for agricultural producers. The funding aims to create new opportunities for farmers, enhance food production, and lower costs for consumers. By partnering with entrepreneurs in rural areas, USDA is working towards building a brighter future, connecting business owners to new markets, and generating sustainable employment.
Brandon Fewins, USDA Rural Development State Director for Michigan, highlighted the project's impact on strengthening Michigan's food production industry and making the supply chain more resilient. The investment will enhance the state's ability to meet food demands while supporting economic growth.
The USDA's investment aligns with President Biden's agenda to rebuild the economy from the ground up and foster a more resilient and inclusive society. By promoting local and regional food production, ensuring fair markets for producers, and investing in climate-smart practices, USDA aims to transform America's food system.
These strategic investments by USDA have a direct positive impact on American lives, facilitating equitable access to safe, healthy, and nutritious food. By prioritizing infrastructure development, clean energy capabilities, and workforce diversity, USDA is committed to building a stronger and more sustainable food system. For more information about USDA's initiatives.
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Categories: Michigan, Business