Financing Sources

• Farm Service Agency (FSA) Loans - scroll through this list to learn about various FSA loans.

• National Farm Transition Network - programs that foster the next generation of farmers and ranchers.

• Nebraska Rural Development - assists Nebraskans in accessing USDA financing programs.

   

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  Incentives

  In 2006, Nebraska's tax law was updated by LB 990 – passed by the Nebraska Legislature and signed into law by Governor Dave Heineman. LB 990 added two important financial incentives for livestock operations, including dairies:

  • Qualified livestock production projects are eligible for $2,750 for each $50,000 in net investment, as well as $3,000 for each new full-time employee.

   

  • Qualified livestock modernization projects are eligible for credits worth 10percent of the net investment (credits limited to $30,000 per operation).  Livestock modernization includes projects that involve depreciable buildings, facilities, and equipment, other than motor vehicles, planes, and railroad rolling stock.

  For more information about Nebraska incentives, contact:

  Mary Hugo, Economic Incentive Manager
  Nebraska Department of Revenue
  Phone: (402) 471-5790
  Fax: (402) 471-5767
  mary.hugo@nebraska.gov
  www.revenue.ne.gov

   

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