“You need to understand this because you’re the folks who have to explain that it’s a point system,” Vilsack told the farm broadcasters. “And if you get enough points, you qualify for an enormously beneficial tax credit, which is how you start industries.”
Vilsack discussed the importance of the tax credit guidance and what it means for agriculture. “The key message here for farm country is, you’re in the game,” said Vilsack. “For the first time ever, we have a recognition by the IRS that climate smart agriculture has a positive impact on reducing greenhouse gases and carbon storage.”
Listen to some of Vilsack’s remarks to NAFB:
USDA Sec. Vilsack to NAFB members 16:03