Dairy Business Innovation Initiative (SDBII)
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2022 SDBII Grants
Existing and prospective value-added dairy businesses in North Carolina that develop, produce, market, or distribute dairy products are eligible to apply for funding through the Dairy Business Innovation Initiative (DBII), an effort supported by the USDA Agricultural Marketing Service. Eligibility information, frequently asked questions, application materials, and more are available through the main SDBII website.
If you are interested in this grant and plan to apply, please contact firstname.lastname@example.org. NC State Extension, along with N.C. Department of Agriculture and Consumer Services, want to support your effort to submit a successful application, so the sooner you let us know you are working on an application, the more likely we will be able to answer any questions you have and/or point you in the direction of resources.
Extension faculty from North Carolina, Tennessee, and Kentucky are gathering data from farms across the region from 2020-2023 that will be aggregated, analyzed, and anonymized to create a multi-state set of data to create a southeastern dairy benchmark. Participants in the program will be provided with an annual report that will include their own data compared to the average/range of all participants. This is a confidential program, and no individual farm information will be released.
The Dairy Gauge Workbook focuses on income, operating expenses, and generalized balance sheet data. The data needed to participate in the Dairy Gauge project include the following:
- Annual Income and Expenses from a Profit & Loss Statement. (A Schedule F may be used if a P&L is not available; however, the categories are limited and will not provide as detailed information.)
- Annual milk marketing summary (Typically available on a settlement statement or a January milk check from your cooperative.)
- End of year or most current balance sheet (If you do not wish to provide balance sheet information, we can still use your operating information. However, the ratio output for Dairy Gauge is more informative with balance sheet data. Dairy Gauge only asks for totals for current, intermediate, and long-term assets and liabilities.)
If you are interested in participating, contact Brittany Whitmire at email@example.com.