This bill addresses the disproportionate allocation of federal resources that currently favor toxic agricultural practices under corporate subsidies.
By providing tax incentives for non-toxic, regenerative farming, it seeks to create a more balanced agricultural system.
This legislation is designed to get out of the way of farmers who embrace sustainable practices, promoting long-term environmental health, and ensuring food safety without relying on harmful chemicals.
Non-Toxic Agriculture Tax Incentive for Unrestricted Regenerative Agro-Landscapes (NATURAL) Act
Section 1: Purpose and Findings
This Act incentivizes farmers to adopt non-toxic and regenerative farming practices by providing tax credits to reduce the financial burden of transitioning to safer, sustainable methods. The goal is to support healthy ecosystems, promote soil health, and strengthen rural economies by encouraging widespread adoption of poison-free agricultural practices.
Section 2: Tax Incentives for Non-Toxic and Transitional Farming
(a) Eligibility:
Farmers who refrain from using synthetic pesticides, herbicides, and fungicides.
Farmers in transition to non-toxic farming practices are also eligible.
(b) Incentive Structure:
All eligible farmers will receive a 20% credit on eligible farming expenses. This applies regardless of farm size or acreage.
Farmers in transition to non-toxic practices will receive the 20% credit on qualifying expenses for up to 3 years during their transition period.
(c) Cap: The total annual credit cap per applicant shall not exceed $250,000.
Section 3: Implementation and Oversight
The Department of Agriculture will administer the tax credit program, ensuring that all applicants meet eligibility criteria. The department will also provide technical assistance to farmers making the transition to non-toxic practices, helping them navigate the process and maintain sustainability throughout.