Asset Owners - No. An asset owner can apply for the maximum tax credits for either a rental or a sale for each eligible beginning farmer each year. There is no lifetime limit, and they can continue to apply for the program as long as the beginning farmer they work with is eligible.
Beginning Farmers - Yes. Beginning farmers are only eligible for the FBM tuition reimbursement tax credit for three years. However, beginning farmers can continue to apply for the program with their asset owners for all 10 years that they are considered a beginning farmer (they just won't get an FBM tax credit for years 4-10).
Asset Owners - No. An asset owner can apply for the maximum tax credits for either a rental or a sale for each eligible beginning farmer each year. There is no lifetime limit, and they can continue to apply for the program as long as the beginning farmer they work with is eligible.
Beginning Farmers - Yes. Beginning farmers are only eligible for the FBM tuition reimbursement tax credit for three years. However, beginning farmers can continue to apply for the program with their asset owners for all 10 years that they are considered a beginning farmer (they just won't get an FBM tax credit for years 4-10).
Applications will not be moved from full grant into mini grant, applications will only be considered at the level they are submitted.
Both the mini and full grant applications will be judged on their merit. The mini grants will be judged first and half of the funds are reserved for these grants. Any remaining funds after the mini grants are awarded will be moved into the funds for the full grants.
The MDA expects to award $800,000 using a competitive review process.
Applications will not be moved from full grant into mini grant, applications will only be considered at the level they are submitted.
Both the mini and full grant applications will be judged on their merit. The mini grants will be judged first and half of the funds are reserved for these grants. Any remaining funds after the mini grants are awarded will be moved into the funds for the full grants.
The MDA expects to award $800,000 using a competitive review process.
