Research and Development Tax Incentives for the Cattle Industry



Research and Development Tax Incentives for the Cattle Industry

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 products recently? Have you modified product formulations and/or production processes or made 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.

Examples of cattle industry innovations eligible for R&D tax incentives include the following:

  • Evaluation of alternative feedstuffs
  • Changes to growth-promoting implants regiments
  • Improvements to health protocols
  • Evaluation of new genetic lines
  • Improvements to animal husbandry techniques

alliantgroup’s Agriculture Specialization Team

In order to better serve companies in the agriculture industry (including cattle farming), 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 includes individuals with extensive experience in agriculture-related industries.