EXCERPT: “A new program, one which (Hoffman, MN farmer Andrew) Barsness worked to create, should help beginning farmers in Minnesota. The program, approved this spring, gives a state income tax credit to landowners when they sell or rent land or other ag assets to beginning farmers. The credit equals 5 percent of the sale price, or 10 percent of the cash rent, or 15 percent of a cash share agreement. As many as 400 Minnesota farmers will be helped by the program, according to some estimates. The Central Minnesota Young Farmers Coalition, of which Barsness is a member, was an active supporter of the proposal. Barsness traveled to St. Paul a number of times to lobby state lawmakers to pass it.” READ: http://bit.ly/2upXdq9
