Tedisco and Buttenschon Announce New Bi-Partisan Bill to Help NY Farmers Provide Farm Workers with Much-Needed Affordable Housing
March 21, 2024
Senator Tedisco and Assemblymember Buttenschon’s bill provides a 20 percent tax credit for family farmers to address affordable housing crisis and build housing for their farmworkers
Senator Jim Tedisco (R,C-Ballston Lake) and Assemblymember Marianne Buttenschon (D-Utica/Rome) today joined with family farmers and the New York State Farm Bureau to announce new bi-partisan legislation they are sponsoring to address New York’s affordable housing crisis and help save family farms in the state.
Tedisco and Buttenschon’s bill (S.8804) would expand the state’s 20 percent Investment Tax Credit (ITC) for farmers to include the cost of construction of housing for farm workers.
While New York State businesses that make investments in buildings, machinery, or equipment currently receive the ITC, the tax code is silent on this credit being applied to buildings, machinery, and equipment dedicated to the construction of residential housing for farm workers.
Tedisco and Buttenschon’s legislation addresses this by ensuring over-burdened family farmers continue to have affordable housing for the farm workers who are essential to the success of the state’s agricultural industry.
The most recent agriculture census by the USDA in 2022 revealed cause for concern about the state of farming in New York State and the urgent need to support family farms. According to the New York State Farm Bureau:
Between 2017 and 2022, NY lost 2,800 family farms – that is a 9 percent drop from the previous census and the steepest decline in the past three decades.
New York also lost 364,000 acres of farmland over the past five years.
A significant portion of the decline is in dairy farming, the largest commodity value in New York State. New York saw a decrease of nearly 1,900 dairy farms,
Every production expense saw a rise, from fertilizer and fuel to seed and lease prices. The biggest increase in production expenses is labor, which saw an astounding 41 percent jump in five years.
New York farms employ 56,678 people. All sectors of agriculture, including processing, are responsible for nearly 200,000 jobs in New York State.
Family farms are not only vital to the economic vitality of the state, but also to the food security of New York by producing a portion of the food residents need close to home.