Alabama HB660 establishes the Beginning Farmer and Succession Continuity Act to support beginning farmers through tax credits, loan guarantees, and.

Alabama HB660 establishes the Beginning Farmer and Succession Continuity Act, which aims to facilitate the transfer of farmland to beginning farmers. The act provides a refundable income tax credit for landowners who sell or lease agricultural land to qualified beginning farmers, with the land remaining in agricultural use for five years. The Alabama Department of Agriculture and Industries guarantees loans for beginning farmers, establishes an online registry to match retiring farmers with beginning farmers, and maintains the Beginning Farmer Assistance Fund.

Alabama HB660 establishes the Beginning Farmer and Succession Continuity Act to support beginning farmers through tax credits, loan guarantees, and.

Alabama HB660 establishes the Beginning Farmer and Succession Continuity Act, which aims to facilitate the transfer of farmland to beginning farmers. The act provides a refundable income tax credit for landowners who sell or lease agricultural land to qualified beginning farmers, with the land remaining in agricultural use for five years. The Alabama Department of Agriculture and Industries guarantees loans for beginning farmers, establishes an online registry to match retiring farmers with beginning farmers, and maintains the Beginning Farmer Assistance Fund.