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Tax breaks proposed to ease burden on U S farms
The Associated Press notes states move to tax farmland by use rather than market value to curb farm losses. Wisconsin offers income tax credits based on property taxes and preservation effort, with 50 percent reductions for two thirds of farmers. Other states like Vermont Mississippi Illinois Iowa and Kansas have pursued similar use based schemes. The trend follows a steady farm population decline since 1970.
MENTIONED IN THIS ARTICLE
Associated Press
United States
Wisconsin
Tom Krajewski
Michele Radosevich
Krajewski
Vermont
Mississippi
Illinois
Iowa
Kansas
U.S. Department of Agriculture
Bureau of the Census