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Farm Events: |
Farm News: Cooperatives Network Speaks Out On ExtensionscommentsPosted: 01.28.2011
John Manske, director of government relations for Cooperative Network, testified this week in favor of Assembly Bill 5 authored by Rep. Keith Ripp (R-Lodi).
Assembly Bill 5 will extend the dairy and livestock farm investment credits a taxpayer may claim until January 1, 2017. Speaking before the Assembly Committee on Agriculture, Manske told committee members “Cooperative Network was the primary statewide association that successfully advocated for the creation of the dairy farm modernization investment tax credit that was put in place by 2003 Wisconsin Act 135.
The initiative was undertaken to help start the reversal of a decline in the dairy industry that was occurring in Wisconsin at that time. Most Wisconsin dairy farms had not adopted technology that was common in states with growing dairy industries and most farms were utilizing outdated and inefficient facilities and equipment. “In no small part due to this credit, the declining fortunes of our dairy industry were reversed. The credit has been successful; it only makes sense to extend something that has been working,” Manske added.
Cooperative Network represents 600 cooperatives, mutual insurance companies, and credit unions owned by approximately 2.9 million Wisconsin members. Among its members are dairy cooperatives that market the majority of milk produced in Wisconsin and produce close to 60 percent of the states cheese.
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