Beginning Farmer/Rancher Eligibility Requirements:

  • Is a resident of Nebraska.
  • Farmed or ranched for less than 10 of the past 15 years.
  • Net worth is less than $200,000 (adjusted annually for inflation/deflation).
  • Will provide the majority of the daily physical labor and management of the farm or ranch.
  • Plans to farm or ranch full time.
  • Has farming or ranching experience or education.
  • Has participated in an approved financial management course.

Related Participants:

  • Close relatives are eligible to receive a tax credit if the parties attend a training session on succession planning and the rental asset is included in a written succession plan that meets the requirements set forth by the Beginning Farmer Tax Credit Act ยง77-5211(5).