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 $250,000 (adjusted Oct. 1, 2022 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 §77-5211(5).