Relating to the production, processing, distribution, and marketing of agricultural products, including by providing tax credits and making appropriations

DIVISION I —— IOWA-GROWN FOOD TAX CREDIT., a grocery store) equal to percent of the sales price of food sold. The tax credit may also be claimed by a wholesaler equal to percent of the sales price sold to a nonprofit corporation. DIVISION II —— SPECIALTY CROPS —— APPROPRIATIONS. The bill appropriates moneys from the Iowa coronavirus fiscal recovery fund to the economic development authority (authority) for fiscal years 2023-2024 and 2024-2025 for purposes of supporting persons engaged in community-based initiatives to expand the capacity of operations engaged in processing, distributing, and marketing a specialty crop. A specialty crop includes a plant or part of a plant having commercial value which is intended for human use but does not include corn, grain sorghum, oats, soybeans, or wheat. In awarding moneys to an applicant, the authority must provide a preference to a beginning farmer or rancher or socially disadvantaged farmer or rancher. The authority must also provide a preference to an applicant who has been awarded matching moneys from an entity other than a state agency receiving funding under the federal American Rescue Plan Act. In establishing criteria to award grants and in selecting applicants to receive grants, the authority must cooperate with the department of agriculture and land stewardship.