The Minnesota Department of Agriculture is accepting applications for the 2024 Beginning Farmer Tax Credit. Owners of farmland, livestock, or other agricultural assets who sell to a beginning farmer are eligible for tax credits up to $32,000. A beginning farmer is defined as a Minnesota resident with a desire to start farming who has been farming for less than 10 years. They must provide earning statements, have a net worth of less than $979,000, and enroll in, or have completed, an approved farm business management program. The total funding for the program is $4 million, and credits are funded on a first-come first-served basis.