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Beginning Veteran Farmers Benefit from Proposed Tax Credit

By Jordan Rasmussen
 
A veteran’s sense of service and work ethic draw a distinct parallel to the skills and dedication required for successful farming and ranching. However, access to the land and financial resources needed to transition from military service to farming can be a challenge.
 
Last week, state lawmakers introduced the Beginning Veteran Farmer Tax Credit that could provide an incentive to those veterans. The bill seeks to expand Nebraska’s existing beginning farmer tax credit program by adding a 1 percent incentive for property and landowners who rent to a qualified beginning veteran farmer.
 
Under current statute, a 10 percent tax credit on cash rent, or 15 percent credit on the value of a sharecrop or cow-calf share rent, is available to the property owner when they rent to a qualified beginning farmer. The proposed revision would increase the incentive to 11 percent and 16 percent if the property is rented to a qualified beginning veteran farmer.
 
By encouraging agricultural property owners to rent to veterans, they are more readily able to pursue farming. As farmers and landowners look to transition their operations, renting to a beginning veteran farmer is not only an investment in an individual but also an investment in rural communities and the state’s economy.
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Demco Dual Aguer Grain Carts — Fire Safety Systems, Right or Left-Handed Unload, and More!

Video: Demco Dual Aguer Grain Carts — Fire Safety Systems, Right or Left-Handed Unload, and More!


Demco's dual auger grain cart is designed for unloading efficiency, operator visibility, and safety in the field.

This dual-auger design features both an unload auger and a floor auger for enhanced grain cleanout and consistent flow, and the 22-inch unload auger is capable of moving up to 600 bushels per minute.

Farmers can also choose between right or left-handed unload options—right-handed unload improves visibility from the tractor cab. A new design allows both vertical and horizontal movement for precise grain placement during unloading.

Another key feature is the built-in fire safety system; a 300-gallon onboard water tank with a hose reel that provides field-ready fire suppression capability.

These dual auger grain carts are available in 1100, 1300, 1500, 1700, and 2200 bushel sizes.