Agriculture
The alliantgroup Experience: R&D for the Agriculture Industry with Sterling Heritage Farms
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Research and Development Tax Incentives for the Agricultural Industries
Many agricultural businesses 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 agriculture related products recently? Have you modified product formulations and/or growing processes to increase yields, reduce the reliance on chemicals, 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 agricultural company could benefit from an R&D Tax Credit study. Let alliantgroup’s agriculture experts help you claim the credits that you deserve.
Agriculture Case Studies
Calculate Your R&D Tax Credit
In 2023 alone, alliantgroup delivered over $2.3 billion in credits and incentives to over 14,000 businesses. And we do not want to stop here without helping you. Let our experts research and provide information that you need to understand how this credit can genuinely benefit your business.
Take our short quiz to get an idea of what this benefit can look like for your business today
Examples of Agriculture Activities & Innovations Eligible for R&D Tax Incentives Include the Following:
- Hybridization or development of new strains of crops, plants, or livestock
- Implementation of precision farming techniques in attempt to increase yield and/or production efficiency
- Experimentation with new or different fertilizers (organic etc.)
- Development/implementation of new ways to protect crops from disease
- Development and implementation of new irrigation systems
- Evaluation and implementation of new techniques to increase yields
- Attempts to develop or implement new cultivation techniques
- Development of new disease resistant crops or livestock
- Development of new ways to prevent or control disease or insect pests
- Improvements in harvesting techniques
- Implementation of new equipment to improve harvest cycle times
- Development or experimentation with new feeds or feeding techniques for livestock
- Development and experimentation with new breeding techniques
- Development of new gene transfer technologies
- Efforts to optimize treatment and management of farm wastes in an energy efficient manner
- Development and/or implementation of automated processes
- Development of an innovative product or process
- Design and implementation of biosecurity practices: facility cleaning and disinfection
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 diverse areas that comprise agriculture. This group employs 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.
