Legislation in Michigan’s Senate could provide tax credits to better assist beginning farmers.
Michigan State Senator Kim LaSata testified this week before the Senate Finance Committee on how farmers with less than 10 years in the industry could benefit.
“Senate Bill 697 would grant a tax credit to a farmer who rents or sells an agricultural asset, including land, livestock, machinery, and buildings, to a beginning farmer,” she says.
First-generation farmer Mitch Kline grows 1,200 of hay acres near Kalamazoo and says the bill would allow more entrants into the business who have the desire but lack resources to start.
