Ohio Farm Bureau introduces Energy and Utility Issues Resource Guide
Ohio Farm Bureau’s newest resource for members seeks to help farmland owners navigate the many questions surrounding energy development.
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Proposed tax credit legislation moving through the Statehouse hopes to establish the next generation of farmers while helping the current generation transition their operations.
When the Senate’s SB 159 and the House’s HB 183 were introduced in 2019, they were identical. As the legislation moved through the House, changes were made to make the bill more palatable for lawmakers and beneficial for farmers looking to transition their operation during their lifetime. Now, the Senate is working to mirror those changes, making its version a “companion bill” to expedite the process.
“Introducing both bills in each chamber and taking them through the process in concert is beneficial,” said Jenna Beadle, Ohio Farm Bureau director of state policy. “It will make passage of the legislation easier when they decide which of the two bills will be moving forward for a vote.”
When that happens is yet to be seen, amid disruptions due to the coronavirus. Several lawmakers, like Senate President Pro Tempore Bob Peterson, who represents the state’s 17th District, know the importance of this legislation.
“Getting started in agriculture is a big challenge, especially if you don’t have family already in the industry,” Peterson recently testified in support of SB 159. “This bill would help connect older farmers with younger farmers in a way that allows both generations to benefit.”
The first income tax credit this legislation creates is for beginning farmers who participate in a financial management program approved by the Ohio Department of Agriculture. SB 159 also establishes an income tax credit for individuals or businesses that sell or rent agricultural assets to beginning farmers.
The plan we are on is great. It’s comparable to my previous job's plan, and we are a sole proprietor.
To grow a network and gain perspective and knowledge in the industry through personal and professional development has been invaluable. Every day I learn and grow.
The issue of property taxation remains as one of the biggest challenges our members face today. Ensuring agricultural property is valued for its agricultural potential and not development is critical to the continued success of Ohio agriculture.
Farm Bureau is what really got the word out. It’s been one of their goals to get this done.
I could not have done it without the resources I have found through Farm Bureau.
Because we are younger farmers just starting out, Farm Bureau has a lot of good opportunities and resources to help us grow in the future.
Through the Select Partner program, we became educated in farm insurance and weren't just selling policies. It became more and more clear why farmers need an advocate like Ohio Farm Bureau.
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