MO Ag & Small Business Development Authority accepting applications for new tax credit program

(KBSI) – The Missouri Agricultural and Small Business Development Authority is now accepting applications for a new tax credit program created to promote investment in urban agriculture.

“Urban agriculture plays a role in the availability of fresh, local produce in urban areas of Missouri,” said MASBDA Executive Director Jill Wood. “This program may be used by both new and existing producers focused on providing food to the public.”

The Urban Farm Investment Tax Credit program provides tax credits to urban farmers who want to invest in their operation by purchasing equipment and making improvements to the farm.

People who donate monetary funds to an urban farm may also qualify for a tax credit, if the donation is used for eligible expenses.

Taxpayers can receive a tax credit of up to 50 percent of eligible expenses, or the donation amount, not more than $5,000 per taxpayer per year.

Find program information, a list of eligible urban areas and an application at

Visit masbda.com for more information, contact the MASBDA team by phone at (573) 751-2129 or email masbda@mda.mo.gov.