Selling or leasing farmland, farm equipment or livestock in 2025? Applications are now open for the MDA’s Beginning Farmer Tax Credit, a state tax incentive for asset owners who lease or sell to new farmers.
WHO: Tax credit goes folks who lease/sell farm assets to qualifying farmers who have entered farming in the last 10 years
- WHAT: Up to $50,000 in state tax credits annually
- WHERE: mda.state.mn.us/bftc
- WHY: Learn more in the press release below and at our upcoming zoom info session Mon., January 6
- WHEN: Apply now. Funds are limited and approved on a first-come, first-served basis.
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