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Last Updated: 9/6/2017

Beginning Farmer Management Credit

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Individual Income Tax

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Beginning farmers in Minnesota may be eligible for a nonrefundable credit equal to 100% of the amount paid for participating in a financial management program approved by the Rural Finance Authority, up to $1,500. Unused portions of this credit can be carried over for 3 years.
 

When is this credit available?

The Beginning Farmer Management Credit is available beginning in tax year 2018.
 

Who qualifies for this credit?

The credit may be claimed only after approval and certification by the Rural Finance Authority. The Rural Finance Authority will provide guidance on the certification process.