UL — The University of Louisiana’s closure of its 600-acre farm is expected to save about $270,000 and bring in additional revenue through leases to local farmers, university officials said.
There are no plans to sell the property — it’s far too valuable, UL President Joseph Savoie said.
“It is an asset,” Savoie said. “We just can’t maintain its operations with its current revenue generation.”
The farm’s closure was announced earlier this month as part of the university’s midyear budget cut plan to squeeze $4.6 million out of its state funding stream. The midyear cut rolls into a total $16.4 million reduction in state funding for UL since December 2008.
The price tag of the farm’s closure isn’t that large compared to other cuts planned for the campus — $625,000 lost in the athletics budget; nearly $2 million cut for research and economic development centers, and $1.2 million for purchase of scientific equipment.
The farm’s closure is expected to initially save about $90,000, with an additional $180,000 in savings estimated as operations at the farm are phased out by the end of the fiscal year, said Bradd Clark, dean of the UL Ray P. Authement College of Sciences.
The farm serves as an open-air laboratory for students in the sciences and researchers.
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By MARSHA SILLS
Advocate Acadiana bureau