Worm Power Secures $900,000 Grant from USDA to Accelerate Production of its Sought-After Sustainable, Earthworm-Fueled Fertilizer
Summary
"Whether growers are looking to improve food production, increase crop nutrient intake or reduce overall carbon footprint, customers are coming to us because they hear we have an innovative, yet proven solution. The solution has been validated both in the field and in academia, garnering significant interest from investors and a broad spectrum of customers from commercial agriculture, turf management and cannabis and other high-value horticulture crops, as well as hobby farmers.Worm Power boasts the largest process-controlled vermicompost operation in North America, utilizing tens of millions red wigglers on a daily basis throughout its expansive property. With the funding now secured, Worm Power will make a series of facility upgrades including purchasing and modernizing its equipment, constructing additional product and storage buildings, and enhancing site access at the farm to improve on-site loading and shipping processes. The total project is estimated to cost more than $1.8 million and will help Worm Power bring its product to market at an accelerated pace.Burke adds, "Our forward-thinking ownership group is fully committed to the ongoing investment in Worm Power, but with the help of the USDAs grant, well be potentially hitting production goals 18 months ahead of schedule. "The FPEP grants, authorized by the CCC Charter Act and administered by USDAs Rural BusinessCooperative Service (RBCS), were made available by the Biden-Harris administration to help increase American-made fertilizer production, spur competition and combat price hikes affecting U.S. farmers.