RedLeaf Biologics receives $485K from Kentucky Agricultural Development Fund
RedLeaf will use the funds to expand the planted acreage of RedNatural sorghum varietal across central Kentucky and continue to build the infrastructure required for large-scale harvest and processing.
Image courtesy of RedLeaf Biologics
The Kentucky Agricultural Development Board (KADB) approved RedLeaf Biologics, Inc. (Lexington, KY) for $485,000 of funding through the Kentucky Agricultural Development Fund. Since its founding in 2015, RedLeaf has worked closely with its local grower network to develop the proprietary RedNaturalsorghum varietal.
“I think we are uniquely aligned with the mission of the KADB by offering Kentucky farmers the opportunity to diversify their crop portfolios with our sorghum,” said Jordan Wood, CEO RedLeaf Biologics, in a press release. “RedLeaf has the potential to develop an entirely new agricultural value chain and benefit the farmers that have made it possible for us to get to this point. We are incredibly grateful to the KADB and their team for giving us the opportunity to realize this potential”
RedLeaf will use the funds to expand the planted acreage of RedNatural sorghum varietal across central Kentucky and continue to build the infrastructure required for large-scale harvest and processing.
“Since the inception of the Kentucky Agricultural Development Board, the mission has been to diversify Kentucky agriculture and grow farm income,” said BrianLacefield, executive director of the Kentucky Office of Agricultural Policy, in a press release. “Partnering with RedLeaf Biologics, Inc. provides an opportunity to do both. We are excited to see their technology advancement and a new crop opportunity for Kentucky farmers.
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