The agriculture industry is one of the oldest and most vital sectors of the global economy, responsible for cultivating, harvesting, and processing raw materials that sustain human and animal life. Within this vast industry, sub-sectors such as row crops play a central role in producing staple commodities like corn, soybeans, wheat, and cotton. Research and development (R&D) in agriculture drives innovation across every stage of production—from improving crop yield and soil health to developing sustainable farming technologies and optimizing post-harvest processing.
If your company is developing new seed varieties, testing novel irrigation systems, or enhancing cultivation practices, there is a strong likelihood that your activities qualify for the R&D Tax Credit. In addition to the federal credit, many states provide additional tax incentives to support agricultural innovation. Start-ups and pre-revenue companies with less than five years of revenue can also apply federal R&D tax credits toward future payroll taxes, helping them reinvest in growth.
The following industries have claimed significant R&D tax credits and received millions in additional capital to reinvest into their workforce, infrastructure, and continued innovation:
Example activities that qualify:
Do you have these job titles on your payroll, or do you hire third-party contractors to do these jobs?
Average of total agricultural R&D expenses that typically qualify
Annual U.S. investment in agricultural innovation and technology
Average time spent developing and testing new crop varieties
We’ll walk you through our process and take the time to understand yours to make sure you get the most back.
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Benefits for the R&D Tax Credit vary from state to state. Get an accurate estimate of what your potential state tax credit!
