Applications & Forms

• Applicant Checklist
• Application - Asset Owner
• Application - Beginning Farmer
• Balance Sheet/Net Worth Statement (FSA Form 2037)
• Cash Flow Analysis (FSA Form 2038)
• Cash Equivalent Statement-
  
  • Adobe PDF (fillable without calculations)
  • Excel Spreadsheet (fillable with calculations)
• Nebraska Department of Revenue Exemption Application Form 1027
• Succession Plan Certification Form
• Succession Workshop Confirmation

Procedure to Apply:

• Complete and return a Beginning Farmer Application.
• Include supplemental documentation as specified on the application.
• Eligibility requirements and application procedures for the beginner are the same whether you apply for the tax credit, the Personal Property Tax Exemption (PPTE) and/or financial management course cost reimbursement.
• You do not need to rent from someone to be eligible for the PPTE or the financial management course cost reimbursement.
• Complete and return an Asset Owner Application
• Include supplemental documentation as specified on the application
• Asset Owner Application not needed if applying only for the PPTE and/or the financial management course cost reimbursement.

Deadlines to Apply:

• Personal Property Tax Exemption:  November 1st of the year preceding the year for which exemptions are sought.
• Financial Management Course Reimbursement:  November 1st of the year cost is incurred.
• Tax Credit:  November 1st of the year for which tax credit is sought.
  (Applicants are highly encouraged to submit applications early in the year.)

Application Process:

• Applications are reviewed for completeness.
• Applicants will be contacted to confirm completeness of applications, or to request additional information.
• Board of Directors reviews applications at periodic board meetings for approval.
• Applicants informed of board decision.
• Personal Property Tax Exemption Certificates sent to approved applicants upon board approval.
• Forms 1099 BFC tax credits for approved beginners for financial management course reimbursement are sent in January.
• Forms 1099 BFC tax credits for approved asset owners are sent in January.