2006 Nebraska Revised Statutes - § 77-5209 — Beginning farmer or livestock producer; qualifications.

Section 77-5209
Beginning farmer or livestock producer; qualifications.
Section 77-5209

The board shall determine who is qualified as a beginning farmer or livestock producer based on the qualifications found in this section. A qualified beginning farmer or livestock producer shall be an individual who: (1) Has a net worth of not more than two hundred thousand dollars, including any holdings by a spouse or dependent, based on fair market value; (2) provides the majority of the day-to-day physical labor and management of the farm; (3) has, by the judgment of the board, adequate farming or livestock production experience or demonstrates knowledge in the type of farming or livestock production for which he or she seeks assistance from the board; (4) demonstrates to the board a profit potential by submitting board-approved projected earnings statements and agrees that farming or livestock production is intended to become his or her principal source of income; (5) demonstrates to the board a need for assistance; (6) participates in a financial management program approved by the board; (7) submits a nutrient management plan and a soil conservation plan to the board on any applicable agricultural assets purchased or rented from an owner of agricultural assets; (8) is not a relative as defined in section 36-702 of the owner of agricultural assets or of a partner, member, shareholder, or trustee of the owner of agricultural assets in which the beginning farmer or livestock producer is seeking to enter into a rental agreement; and (9) has such other qualifications as specified by the board. A qualified beginning farmer or livestock producer who has participated in a board approved and certified three-year rental agreement with an owner of agricultural assets shall not be eligible to file a subsequent application with the board but may refer to the board for additional support and participate in programs, including educational and financial programs and seminars, established or recommended by the board that are applicable to the continued success of such farmer or livestock producer.

Source:

Laws 1999, LB 630, § 10

Laws 2000, LB 1223, § 5

Laws 2006, LB 990, § 11.

~ Revised Statutes Cumulative Supplement, 2006