investigatemidwest.org
Did Iowa's largest beginning farmer tax credit create more farms?
As a boy growing up in Spencer, Iowa, Trent Walker spent summers helping on his grandfather’s farm, picturing that he someday would follow in his grandfather’s footsteps and become a farmer himself. During harvest season, he trick-or-treated at his grandpa’s grain bin site as trucks came in from the fields. He was particularly drawn to the changing seasons and how no two days were quite the same. “I would never be able to work in a factory,” said Walker, 30. “I would just get so bored.” With the passing years, Walker learned that access to land is one of the biggest obstacles for aspiring farmers like him. Buying land was largely out of reach. At $15,000 an acre, he calculated, an 80-acre parcel could cost $1.2 million. Renting was more realistic so he waited for a window of opportunity. That window opened when a relative of his wife, Jessika, retired and offered them land to rent in Dickens, not far from where he grew up in northwest Iowa. Walker said beginning farmers often need an established farmer stepping aside and choosing to give someone younger a start. “The biggest bridge, I think, is the guy retiring willing to give the...