The state of Illinois has unveiled a four-point Livestock Development Initiative to spur livestock producers to start new or expand existing businesses using a number of financial and regulatory incentives.
â€śThe Illinois Pork Producers Association (IPPA) would like to thank Gov. Rod Blagojevich and his administration for their leadership in putting this initiative together,â€ť states Darrell Stitzel, a pork producer from Shannon, IL, and IPPA president. â€śThese items will be beneficial to many pork producers and strengthen Illinoisâ€™ livestock industry.â€ť
Illinois ranks fourth in the nation in pork production, which contributes $1.9 billion to the stateâ€™s economy and 18,500 jobs.
The four main parts include:
- Expanding use of designated agricultural areas;
- Streamlining environmental regulations including minor changes to the Livestock Management Facilities Act;
- Providing better access to financing for livestock producers, including tailoring existing programs through the Illinois Finance Authority; and
- Providing tax incentives for livestock producers, including a sales tax exemption for building materials for livestock buildings approved by the Illinois Department of Agriculture and located in agricultural areas.