TOKYO -- The Japanese government is moving to cut taxes on operators of high-tech indoor farms to encourage more businesses to enter the sector and turn "smart agriculture" into a growth industry.
Under current law, when a company paves over farmland to build an indoor farm, the land is no longer treated as agricultural. That makes it subject to much higher property taxes. The government will seek to reduce the tax burden by proposing that such land continue to be treated as farmland.
