MDA looking to improve Beginning Farmer Tax Credit

The Minnesota Department of Agriculture is looking at ways to improve the Beginning Farmer Tax Credit. 

The Minnesota Legislature passed the Tax Credit in 2017 to

incentivize the sale or rental of farmland or assets to beginning farmers.

Minnesota Department of Ag Commissioner Thom Petersen tells Brownfield there’s room to grow the program.

“We might be able to increase it. Right now it’s 5 percent on sales (and) we’re looking at maybe going to 10 percent.

Continue reading MDA looking to improve Beginning Farmer Tax Credit at Brownfield Ag News.