by Ronak Patel (rspatel.personal@gmail.com)

Rep. Julie Mayberry, R-Hensley, and Rep. Denise Garner, D-Fayetteville, have introduced a bill aimed at addressing the challenges young farmers face entering the profession.

According to House Bill 1003, an income tax credit would be available for farmers who sell or rent agricultural assets to a beginning farmer. Agricultural assets include land, livestock, facilities, buildings and machinery.

In an interview, Mayberry said the bill was sponsored in the previous legislative session by former Rep. Joe Jett, R-Success, but failed to make it out of the House Revenue and Taxation Committee.

https://talkbusiness.net/2023/03/farm-bills-seek-to-steer-younger-arkansans-into-agriculture/