QUESTION What is the Family Farm Credit (State Code of Iowa 425A) and how do I qualify?
ANSWER Qualification for the Family Farm Credit is determined on a case-by-case basis and is based on the relationship between the owner and participant. Property must be qualified by June 30th of the year of application. An owner/participant must sign application by November 1st of the year of application.
NOTE: The owner is responsible for notifying the assessor of changes in the Family Farm Credit application. Changes include, but are not limited to, adding or subtracting acres or a change of renters (non-family tenants do not qualify).
