Missouri is rolling out a new tax credit program to encourage more urban farms throughout the state. People in specific areas, including St. Louis, Rolla, and Hannibal, can claim the credit for startup and expansion costs. The initiative could help address parts of the state where fresh vegetables and produce are scarce.
"This tax credit isn't targeted specifically to those food-insecure areas," said Jacob Stoehr with the Missouri Agricultural and Small Business Development Authority. "But we do have a lot of people who don't have access to fresh, local fruits and vegetables, so I think this program is a good step in addressing that issue."
Executive Director Jill Wood says the credits should help people who want to help feed others. "This program may be used by both new and existing producers focused on providing food to the public," she said.
The program involves urban farmers who spent up to $10,000 on establishing or improving an operation could receive half of that back on taxes. The state says the total tax credit pool for the initiative is $200,000.
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