The Minnesota Department of Agriculture’s (MDA) Rural Finance Authority reminds beginning farmers and asset owners to apply by October 1, 2019, for the tax credit for the sale or lease of land, equipment, machinery, and livestock.

To qualify, the applicant must be a Minnesota resident with the desire to start farming or who began farming within the past ten years, provide projected earnings statements, have a net worth less than $836,000, and enroll in or have completed an approved financial management program.