Start of Farmers Tax Credit Enacted – Ohio Ag Net

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General Session at the 2019 Ohio Farm Bureau Young Agricultural Professionals Conference.

On April 18, HB 95 was signed into law by Governor Mike DeWine. The law establishes an income tax credit for beginning farmers who participate in a financial management program administered by the Ohio Department of Agriculture. It also establishes an income tax credit for established farmers who sell or lease farm assets to beginning farmers.
“The idea for HB 95 began because younger members of the Ohio Farm Bureau who worked in agriculture, as well as more experienced members looking to get away from the industry, faced many obstacles when “It was about working on a transition plan,” said Adam Sharp, executive vice president of the Ohio Farm Bureau. “Thanks to their recommendations, our organization has worked through the policy development process to successfully add incentives for new and beginning farmers to the list of important issues the Farm Bureau champions every day. These grassroots efforts have now paid off and we appreciate Governor DeWine signing this legislation to enable the next generation of Ohio farmers to move forward.

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