THOMPSON, KELLY, SLOTKIN, WENSTRUP, EVANS, VALADAO, PANETTA, MILLER INTRODUCE BIPARTISAN TAX BILL TO HELP SPECIALTY CROP PRODUCERS ADOPT NEW FARMING TOOLS

Washington - Today, U.S. Representatives Mike Thompson (D-CA), Mike Kelly (R-PA), Elissa Slotkin (D-MI), Brad Wenstrup (R-OH), Dwight Evans (D-PA), David Valadao (R-CA), Jimmy Panetta (D-CA), andMax Miller (R-OH) announced the introduction of H.R. 9263, the Supporting Innovation in Agriculture Act. The bipartisan legislation provides tax incentives to accelerate the deployment of innovative farming technologies for U.S. specialty crop producers.

"California's specialty crop producers are critical to our state and national economy. These tax incentives will no doubt help bolster our specialty crop industry here at home and across the nation. It's great to join my colleagues to introduce the Supporting Innovation in Agriculture Act to prompt innovation and keep our farmers competitive on the world stage," said Rep. Thompson.

"Agriculture supports one out of every ten jobs in Pennsylvania, making this industry a leading economic driver in the commonwealth. The Supporting Innovation in Agriculture Act will allow for farmers and agricultural leaders to not only succeed today, but it will allow them to better utilize innovative technologies to allow producers to succeed for years to come," said Rep. Kelly.

"I'm pleased to co-sponsor this bipartisan bill that's led by my friend and fellow Pennsylvanian Mike Kelly. This bill would encourage innovation in farming, including urban indoor and outdoor farms. One area of common ground is that all of our constituents eat food, and there are a lot of benefits when it's homegrown in America!" said Rep. Evans.

"The Supporting Innovation in Agriculture Act will allow our agriculture industry to expand its use of innovative technologies, enhance domestic food production, and make prices more affordable for Americans," said Rep. Miller. "I'm grateful to Chairman Kelly and Ranking Member Thompson for their leadership in making America's food supply stronger and more resilient."

"The CEA Alliance applauds Chairman Mike Kelly, Ranking Member Mike Thompson and Representatives Wenstrup, Evans, Valadao, Panetta, Miller, and Slotkin for introducing the Supporting Innovation in Agriculture Act," said Colin O'Neil, Chair of the CEA Alliance's Public Policy Working Group and Senior Director of Public Policy & Social Impact for Bowery. "The Supporting Innovation in Agriculture Act fills an important policy gap for the diverse specialty crop industry and will ensure that producers can leverage innovative technologies to grow more with less."

"Accelerating the deployment of innovative technologies for specialty crop producers will strengthen the resilience of our fresh food supply chains and help producers across the country grow more food with fewer resources,"said Ted McKinney, CEO of the National Association of State Departments of Agriculture. "NASDA applauds the introduction of the Supporting Innovation in Agriculture Act and thanks Chairman Kelly, Ranking Member Thompson, and the bill's co-sponsors for their efforts to reduce barriers for producers adopting innovative technologies in their operations."

BACKGROUND

Our country's food supply has long been a bipartisan concern. Unfortunately, the resilience of our domestic fresh food supply is under threat by recent supply chain disruptions, more extreme weather and drought conditions, worsening pest and disease pressures, rising food imports and inflationary pressures, and the repercussions of labor shortages.

The use of innovative farming technologies can be a significant way of increasing the domestic production of fruits, vegetables, tree nuts and other specialty crops while contributing to greater surety of supply, environmental conservation, and traceability throughout the supply chain. Unfortunately, existing farm programs are not always well suited to help many specialty crop producers address the high upfront capital costs associated with innovative farming technologies and systems. Many specialty crop businesses also do not have the tax liability to take advantage of existing tax incentives.

H.R. 9263 would provide a 10-year investment tax credit to specialty crop growers to help offset a portion of the high capital costs associated with the deployment of precision agriculture technologies and controlled environment agriculture technologies. H.R. 9263 will ensure that producers are able to adopt the innovative tools they need to compete on the global stage while also improving the resilience of our domestic fresh food supply chains.

Read the full text of the bill here.

The Supporting Innovation in Agriculture Act is supported by over 50 national and state organizations and trade associations, including: The International Fresh Produce Association; National Association of State Departments of Agriculture; FMI - The Food Industry Association; Agricultural Retailers Association; and the CEA Alliance. See the latest list here.

The bill is also supported by the state agriculture secretaries and commissioners from over 20 states, including Alaska, Colorado, Connecticut, Georgia, Hawaii, Kentucky, Maryland, Massachusetts, Missouri, Nevada, New Mexico, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington State, West Virginia, and Wyoming. See the latest support letter here.

Public link

Please use the above public link if you want to share this noodl on another website.