Funds appropriated for the purposes specified in this act shall be used for the following:
(1) Employment of personnel and payment of associated overhead, equipment, and supply costs.
(2) Stimulating and assisting agribusiness entrepreneurship and new product development.
(3) Feasibility studies and consulting contracts for the development of agribusinesses and value-added processes.
(4) Issuance to approved agribusinesses, including any funds from private sources.