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Tax bill includes credit for beginning farmers in Minnesota

May 11, 2017, 12:52 PM by System

Legislation designed to help beginning farmers in Minnesota gain access to land is included in an omnibus tax bill passed by the House and Senate.

Minnesota Farmers Union (MFU) director of government relations Thom Petersen says his organization has been supporting this proposed income tax credit for ten years.

“Five percent if you sell to a beginning farmer (who’s) basically a farmer who has been operating for ten years or less. 

Continue reading Tax bill includes credit for beginning farmers in Minnesota at Brownfield Ag News.

     

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