Wisconsin has recommitted to the state’s agribusinesses through the implementation of the Dairy Manufacturing Facility Tax Investment Credit.

“When the Dairy Manufacturing Facility Investment Tax Credit is implemented, alongside the existing investment tax credits for dairy farm and livestock operations, Wisconsin agribusiness will be in a better position to compete in the increasingly competitive international dairy product markets,”said Dairy Business Association Executive Director Laurie Fischer. “This new investment credit will no doubt aid dairy plant expansions, create jobs, secure the future of rural communities and increase dairy exports from Wisconsin well above the current $224 million annually that milk and milk products exported from America’s Dairyland.”

“This new tax credit for dairy manufacturers will spur investment in new facilities and new technology. Wisconsin is America’s leading cheese producer, and this credit will help us remain competitive in the growing cheese marketplace,” said John Umhoefer, the Executive Director of the Wisconsin Cheese Makers Association.