[ad_1]
Lawmakers have proposed a bill that would offer tax credits to specialty crop farmers to encourage the adoption of high-tech equipment on their farms. The “Supporting Innovation in Agriculture Act” would provide a 30% tax credit for farmers investing in precision agriculture equipment for crop production, storage, processing, and packaging, including indoor farming projects. This initiative aims to help offset the high costs associated with farm Technology, which is vital for increasing food production amidst labor shortages and extreme weather conditions.

Rep. Mike Kelly, a Pennsylvania Republican and co-sponsor of the bill, believes that the legislation will enable farmers to utilize innovative technologies to succeed in the long term. In other news, Freight Farms, a company that constructs indoor farming facilities inside shipping containers, has appointed former Monsanto executive Brad Griffith as its new CEO. Griffith brings over 17 years of experience in agriculture and pharmaceuticals to his new role, succeeding Rick Vanzura who will remain as an advisor to the board.

Additionally, fruit breeding company Bloom Fresh has expanded its breeding program to include blueberries by acquiring a portfolio of no-chill blueberries from Inka’s Berries in Peru. This move will allow Bloom Fresh to develop new fruit varieties that can grow in various climates. The company aims to drive Sustainability and Innovation in fruit breeding, offering growers and consumers high-quality fruit varieties. Bloom Fresh recently opened a $14 million facility in California dedicated to natural fruit breeding, further enhancing its development of new fruit innovations.

[ad_2]
SOURCE