New York Farmers Get A Tax Break

It's a new program that started on January 1 and made it so that food donated by New York farmers can earn them a tax credit worth 25 percent of the value of the donated food.

March 1, 2018

Farmers are limited however to earn up to $5,000 for their donations. Which frankly I think should have a much higher ceiling. 

The tax credit is for certain food donations including milk, fresh fruit, vegetables, eggs and meat produced in New York that they give to food banks, pantries and emergency food programs, and the credit is aimed at helping farmers cover the costs of growing, harvesting and distributing the food to charitable food programs. State officials expect the program to save farmers $10 million each year. 

New York farms donated more than 9 million pounds of food in 2017, according to the state Farm Bureau. The donations helped to make up over 7 million meals for New Yorkers. 

New York Gov. Andrew Cuomo said "refunding farmers for their generous food donations not only supports the state's agricultural economy, but encourages more New Yorkers to help end hunger in our communities once and for all.”  

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