Learn more about the 2026 tax credit program and deadline
Beginning Farmer Tax Credit Deadline August 1
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The deadline to submit 2026 Beginning Farmer Tax Credit (BFTC) applications is Saturday, August 1, 2026. The application must be postmarked by August 1 to be accepted for the 2026 calendar year. If you have already submitted your application(s) for 2026, please disregard.
The Beginning Farmer Tax Credit Program provides an incentive for asset owners to
lease land and other assets to an eligible beginning farmer through an Iowa income tax
credit to the asset owner.
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Leases must be 2-5 years in length and the asset owner will receive a 5% credit on a cash rent lease, a 15% credit on a crop share lease and 15% on any flex portion that can be calculated
- Applicants must be a resident of Iowa and at least 18 years old; no upper age limit
- Have a net worth of no more than $901,000
- Have sufficient education, training or experience for the anticipated farm operations
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Have access to adequate working capital, equipment and other items that are necessary to operate the farm
- Be the owner/ operator
- There is no restriction on off-farm income
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Beginning Farmer Loan Programs
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We also encourage you to explore our loan programs to see if they can assist you in starting or expanding your farming operation. The Beginning Farmer Loan Program (BFLP) uses an aggie bond to decrease your interest rate while still keeping your loan with your local lender. Most lenders can decrease the rate 20-25% using the program. The Loan Participation Program (LPP) can help supplement a down payment if those funds are not available.
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For more information on the Iowa Finance Authority Beginning Farmer Programs:
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