New Law Helps Farmers

By: N. Petersen
By: N. Petersen

There's a new law on the books that helps Wisconsin farmers.

Farmers who upgrade their facilities and equipment can now receive a tax break of up to $50,000 over the next six years. Gov. Doyle signed the new tax credit into law Monday.

It gives farmers credit equal to 10 percent of the money they spend in a year for modernization or expansion. Doyle says the board credit applies to improvements of size. Doyle also announced Monday that farmers received tax breaks of nearly $40 million last year under two separate tax programs, an increase of nearly $10 million over the prior year.

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