Japan to offer tax breaks for tech innovation in farm industry

Politics Economy

The government is pushing for "smart farming" by offering tax breaks for schemes that utilize technological innovation, as the industry faces a serious labor shortage amid Japan's rapidly aging population, a source familiar with the matter said Saturday. Under the system, farmers, agricultural cooperatives, equipment manufacturers, food companies and local governments, among others, will work together to craft production innovation plans featuring technologies such as robots and artificial intelligence, the source said. The government has designated the promotion of smart farming as a key poli...

Kyodo News

Kyodo News