Objective
Promote the adoption of agricultural practices that contribute to improved soil health, water use efficiency and ecosystem resilience, through a tax incentive for farmers.
Description
This economic and fiscal instrument is based on granting a refundable tax credit to farmers and livestock breeders who adopt agricultural practices recognized as beneficial to soil health, water management, and the resilience of agroecosystems. Eligibility depends on specific criteria related to the practices implemented and, where applicable, the land area involved. Participation remains voluntary and aims to influence behavior through financial incentives rather than regulatory requirements.
Country
United States
Ladder
Local
Nature
Financial
In which law/program is this instrument included?
Soil Health Program
Source: Colorado Department of Agriculture (CDA), Agricultural Stewardship Tax Credit – Tax Credit Calculator (Version 2), screenshot from official website.
