Poultry
Research and Development Tax Incentives for the Poultry Industry
Many agricultural businesses, including those in the poultry industry, are unaware that the government offers generous research and development (R&D) incentive programs, or they may believe that such programs do not apply to agricultural companies. Even those that are aware often fail to capture the full extent of R&D tax credits to which they are entitled. If you think you have to have a PhD and a laboratory to be conducting qualified activities as defined by the Internal Revenue Code, think again.
Has your operation produced new or improved products recently? Have you modified processes to increase yields, accelerate weight gain, or other improvements to the efficiency of your operation? If the answer is yes, then there is a strong chance that your poultry company could benefit from an R&D Tax Credit study. Let alliantgroup’s agriculture experts help you claim the credits that you deserve!
Examples of Poultry Innovations Eligible for R&D Tax Incentives Include the Following:
Egg Farms
Development of new or improved processes implemented in egg farms, including increasing egg yield, reducing egg breakage, and transporting of eggs.
Development of new or improved processes implemented in hatcheries, including, but not limited to, technologies regarding the incubation of eggs, administering of immunizations, sorting and counting of eggs, reduction in mortality, handling of eggs and chicks, stacking of eggs, temperature control, humidity control, and vermin and insect control.
Development of new or improved processes implemented in grow farms, including, but not limited to, technologies regarding the maximization of stock in density/spacing, minimization of overcrowding, increase in chick growth, reduction of growth time, disposal of litter and carcasses, ventilation, temperature control, humidity control, lighting control, feeding and watering, pressure misters, minimization of cleaning, removal and transportation of chickens, and disease control.
Processing
Development of new or improved processes implemented in processing facilities including, but not limited to, technologies regarding the unloading of chickens, methods of killing/stunning, minimization of stress on chickens, reduction of cut-to-process time, reduction of shrinkage, reduction of bacteria, increase in throughput, methods of de-feathering, methods of eviscerating, marinade formulations, administration of marinade, water conservation, waste water treatment, reduction of air pollution/odor, methods of chilling, minimization of blood leakage within packaging, disease control, and compliance with government agencies such as EPA, FDA, OSHA, PETA, and USDA.
alliantgroup’s Agriculture Specialization Team
In order to better serve companies in the agriculture industry, alliantgroup has developed an Agriculture Industry Specialization Program that focuses on the qualification and quantification of R&D tax benefits for companies operating in the poultry industry and other areas that comprise agriculture. This group employs several individuals with extensive experience in agriculture-related industries.
Download our free Agriculture R&D Tax Credit white paper to better understand recent regulatory changes and IRS requirements.
