Skip to content Skip to navigation

VA:Tax credit benefits both farmers and food banks

A new tax credit will benefit Virginia’s farmers and the food banks to which they donate. The Food Crops Donation Tax Credit was approved by the General Assembly last year. It allows Virginia farmers who donate edible food crops to a nonprofit food bank to receive up to a 30 percent tax credit for their donation.“This is a way for farmers and food banks to support one another and allow food bank patrons to access local foods,” noted Tony Banks, a Virginia Farm Bureau Federation commodity marketing specialist.“Sourcing food on the local level helps Virginia’s agriculture industry,” explained Leslie Van Horn, executive director of the Federation of Virginia Food Banks, which represents seven food banks and over 2,000 nonprofit food pantries and feeding programs. “It reduces food waste and provides an incentive to growers to donate produce. But, most importantly, it gives food-insecure individuals across the commonwealth access to food they need to thrive and prosper.”

Article Link: 
Article Source: 
Augusta Free Press