(NAFB.com) – Property tax tweaks and a new online portal were among this year’s legislative wins for Hoosier farmers. But a high-priority proposal to help retiring farmers transition land to a new generation of growers failed to cross the finish line in the final days of the session. Rural-focused portions of Gov. Mike Braun’s first agenda pledged to cut red tape strengthen the agricultural economy and protect Indiana farmland from encroaching development. The Republican governor had two early successes: property tax relief and a new online farmer portal. Baked into Senate Enrolled Act 1, a hotly-debated property tax measure, were changes to how farmland is assessed for property taxes — increasing the capitalization rate in the farmland formula from 8% to 9%, and adding a new assessed value deduction. Braun maintained those changes will bring at least some relief for farmers.
