Governor Lamont's newly signed CT Farm Bill provides a significant boost to Connecticut's agricultural sector by introducing a broad suite of incentives and protections aimed at strengthening local farms.
Here's a breakdown of what this legislation means for farm owners:
A 20% Tax Credit for “Farm Investment Property”
- Encourages investment in equipment, infrastructure, and technology.
- Helps farmers offset costs of modernizing and expanding operations.
Crop Loss Reimbursement
- Provides financial support for farmers hit by natural disasters or other crop-damaging events.
- Aims to improve stability and risk management for growers.
Drone Regulations to Boost Innovation
- Clarifies and potentially simplifies rules around drone usage.
- Promotes precision agriculture through improved data collection, monitoring, and efficiency.
Support for Shellfish, Agritourism & More
- Expands state-level backing for niche and value-added farm activities.
- Recognizes the role of aquaculture and farm-based tourism in rural economic development.
Expanding Land Access Grants
- Makes it easier for new and historically underserved farmers to acquire farmland.
- Addresses long-standing barriers to land ownership and usage.
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