Bion’s Process Approved for USDA Grants of up to $450K per farmer.
April 1st, 2005
In April 2005, the United States Department of Agriculture (USDA) Natural Resource Conservation Service (NRCS) issued new National Conservation Practice Standards for biological treatment systems, which qualify Bion’s environmental compliance technology process for funding under its Environment Quality Implementation Program (EQIP). The EQIP program provides direct farm support in the form of grants to cost share up to 75% of qualified conservation practices, not to exceed $450,000 to any individual dairy, cattle or hog farmer during the term of the Farm Bill.
Bion had provided substantial input to the NRCS in their recent review of applicable wastestream technologies, including the results of our third-party, peer reviewed demonstration project in Texas. The new practices are embodied under the new Amendments for the Treatment of Agricultural Waste (Code 591), Liquid/Solid Waste Separation Facility (Code 632) and Waste Treatment (Code 629) which is a new standard intended to address the installation of alternative animal waste treatment systems and processes.
As such, Bion’s entire system now qualifies under the USDA NRCS Environmental Quality Incentives Program (EQIP).
|Mark A. Smith
Vice President-Capital Markets/IR