Sondra Feldstein is a farmer and business owner in Polk County.
Governor Kim Reynolds wants to exempt all cash rent income for retired farmers from state income tax. This horrible idea would harm rural Iowa and make it even harder for young people to break into the profession of farming.
Iowa already has a problem with an aging population of farm operators. According to the USDA’s 2021 census of agriculture, the average age of farmers in Iowa is 57.1 years. Four times as many farmers are over the age of 65 than under the age of 35. In other words, we don’t have a new generation of farmers to replace the ones already retired.
Why would we want a tax policy that would worsen the problem?
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