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Beginning/Retiring Farmer Tax Credit

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Apply Today!

Have you been farming for less than 10 years? Are you renting or buying land, livestock, or machinery? Then the Minnesota Beginning Farmer Tax Credit may be for you. Applications are usually due to the Minnesota Department of Agriculture in the fall of each year. Details on the program are here.

Getting more beginning farmers on the land is critical to vibrant rural communities and stewardship of our resources. That is why the Minnesota Beginning Farmer Tax Credit was championed by the Land Stewardship Project for over 10 years. It was finally passed by the Minnesota Legislature and signed into law in 2017.

This law provides an incentive to sell or rent land or other agricultural assets — machinery, buildings, facilities, livestock, etc. — to a beginning farmer. The program is being administered by the Minnesota Rural Finance Authority. The credit available to the asset owner is:

  • 5% of the sale price or fair market value — whichever is less — of the agricultural asset, up to a maximum of $32,000.
  • 10% of the gross rental income in each of the first, second, and third years of the rental agreement, up to a maximum of $7,000 per year.
  • 15% of the cash equivalent of the gross rental income in each of the first, second, and third years of a share rent agreement, up to a maximum of $10,000 per year.

To qualify for these credits, the “beginning farmer” involved must be someone who:

• Is a Minnesota resident who is seeking entry, or has entered into farming within the past 10 years.
• Is a farmer who will provide the majority of the labor and management of the farm that is located in Minnesota.
• Can provide positive projected earnings statements.
• Is not directly related to the owner of the agricultural asset.
• Has a net worth that does not exceed $800,000.
• Is enrolled in a financial management program approved by the Rural Finance Authority.

Financial Management Education

Beginning farmers who participate in the Land Stewardship Project’s Farm Beginnings and Journeyperson courses can qualify for this tax credit. For beginning farmers enrolled in a financial management program:

  • The credit is equal to 100% of the cost of participating in a financial management program (up to $1,500 per year)
  • The credit can be taken for three years.
  • If the amount of the credit exceeds the tax liability, the excess can be carried forward three years.

More Information

The Land Stewardship Project’s goal is to have more people farming on the land, and the Minnesota Beginning Farmer Tax Credit is one tool that can provide a pathway toward that goal. Details are available from the Rural Finance Authority and by downloading LSP’s Beginning Farmer Tax Credit fact sheet.

Contact

Karen Stettler, LSP farm transitions organizer, 612-767-9885, e-mail

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Upcoming Events

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September 2025

Monday September 1

All Day
Final Deadline for LSP's Farm Beginnings Course
Monday September 1
Final Deadline for LSP's Farm Beginnings Course

Beginning and prospective farmers are invited to apply to the Land Stewardship Project’s Farm Beginnings course, a year-long training program that focuses on the goal setting, marketing, and financial skills needed to establish a successful farm business. The Farm Beginnings course creates a space for folks to name their vision, acquire the tools and skills needed to make it happen, and become part of a community of support to help them succeed.  

The course will run from November 2025 through March 2026, with some additional educational opportunities to take place later in 2026. 

The deadline for applications is Sept. 1. Early bird applications submitted by Aug. 1 will receive a $100 discount if you are accepted into the class. Partial scholarships are available.

More details are at http://www.farmbeginnings.org or Annelie Livingston-Anderson at annelie@landstewardshipproject.org.

You can apply to the course here.

Wednesday September 3

10:00 am – 3:00 pm
LSP Montevideo Office Coffee & Conversation
Wednesday September 3
10:00 am – 3:00 pm
LSP Montevideo Office Coffee & Conversation
111 N 1st St, Montevideo, MN 56265, USA

On the first Wednesday of each month, the Land Stewardship Project hosts coffee and conversation at our downtown Montevideo office (111 North First Street), and we hope you will have time to join us at the next one on Wednesday, Sept. 3, from 10 a.m. to noon.

The open house-style mornings feature a quick update on recent LSP work and then plenty of time to enjoy your coffee and build community the old-fashioned way, by talking face-to-face. This month we will give an update on our work to combat consolidation in animal agriculture and provide an overview of our recent town hall in Paynesville with Minnesota Attorney General Keith Ellison.  

 Come when you can and stay as long as you like! Don’t hesitate to bring along a friend or two — we always enjoy meeting someone new.

For more information, contact LSP’s Matthew Sheets at msheets@landstewardshipproject.org.

Friday September 5

9:00 am – 4:00 pm
Soil Health Field Day on the Cotter Farm: Austin
Friday September 5
9:00 am – 4:00 pm
Soil Health Field Day on the Cotter Farm: Austin
50203 205th St, Austin, MN 55912, USA

 Sign up today for a get-together down on Tom Cotter’s Farm. This field day brings together food companies, local farmers and other professionals in agriculture — a perfect opportunity for networking and discussion.
Hear from soil health experts, then board the Topless Bus to take a tour of Tom’s farm. A FREE TACO BAR LUNCH will featureTom’s own grass-fed beef, along with authentic, homemade tortillas and rice. Featured speakers include soil scientist Kris Nichols and agronomist Joe Ailts.
 
You can check out the field day flier here. For more details and to register, click here.

Saturday September 6

9:00 am – 5:00 pm
Soil & Food Health Field Day: Austin
Saturday September 6
9:00 am – 5:00 pm
Soil & Food Health Field Day: Austin
50203 205th St, Austin, MN 55912, USA

Details are here.

Monday September 8

7:00 pm – 8:30 pm
Anne Biklé in conversation with Ross Evelsizer: What Your Food Ate
Monday September 8
7:00 pm – 8:30 pm
Anne Biklé in conversation with Ross Evelsizer: What Your Food Ate
Pulpit Rock Brewing Company, 207 College Dr, Decorah, IA 52101, USA

Join Anne Biklé (co-author, What Your Food Ate: How to Restore Our Land and Reclaim Our Health) and NEIA RC & D Natural Resource Projects Director, Ross Evelsizer, for a conversation and Q & A session followed by a book signing. Everyone is invited to this free event sponsored by the Oneota Valley Literary Foundation, with support from Pulpit Rock Brewing and Dragonfly Books.
 
Details on the Sept. 8 event are here.

View Full Calendar

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