Farm Center in Wisconsin Helps Beginning Farmers
MADISON- According to the old saying, getting started is half the battle, but if you know where to look for assistance, getting started in farming may be a little less daunting. The Wisconsin Department of Agriculture, Trade and Consumer Protection (DATCP) says there are programs available to help new farmers get going and guide existing farmers through a generational transition in ownership. A good place to start is DATCP’s Wisconsin Farm Center.
“The Farm Center staff can carefully guide farmers through the transition process by helping a farm family create a business plan and determine if the new farmer can make the operation successful,” said DATCP Secretary Ben Brancel. “We can also point out certain financial tools they may not know exist.”
For example, there is a Beginning Farmer tax credit. This one-time credit equals the amount the beginning farmer pays to enroll in a financial management program during the claim year. The maximum credit allowed is $500. To take advantage of this credit, the beginning farmer needs to have successfully completed the coursework. Then, both the beginning farmer and established farmer must apply to and be approved by DATCP. The application includes a proposed business plan, description of the beginning farmer’s education or training, a written copy of a lease with duration of at least three years, and a description of the leased assets. A Beginning Farmer is defined as someone who has farmed fewer than 10 of the previous 15 years and has a net worth less than $200,000.
For more information about farm transition services or how to apply for the Beginning Farmer and Farm Asset Owner tax credits, contact DATCP’s Wisconsin Farm Center at 800.942.2474 or email@example.com.
Contact: Ashley Huibregtse, 608.224.5002
Jim Dick, Communications Director, 608.224.5020