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R&D Tax Credits for Farmers and Ranchers

R&D Tax Credits for Farmers and Ranchers

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 Most farmers think tax credits are for tech companies and laboratories. They’re wrong. The Research & Development tax credit has been around since 1981 — originally built to encourage innovation. Over the decades, it has become more taxpayer-friendly and more accessible… but still incredibly underutilized in agriculture. In this episode, we talk with Onshore, a tax technology company founded in 2020. Joining us: • Tim Taschner – Midwest native who grew up around ADM, now leading agricultural R&D tax credit case studies • Dominic Vitucci – CEO with a background in accounting and computer science, blending tax expertise with automation We break down: • What the R&D tax credit actually is • The history behind it and how it evolved • What qualifies in agriculture (farming, livestock, food processing) • Why testing new hybrids, chemistries, feed strategies, or processes may qualify • How AI now automates roughly 80% of the documentation process • What “audit-ready documentation” actually means • The difference between deductions and credits • What happens if you haven’t paid taxes yet • How credits can carry back or forward • Why cost segregation and 179D deductions also matter Onshore’s mission is simple: Turn tax incentives from a confusing compliance burden into a strategic advantage. Instead of spending weeks building documentation manually, their software integrates with enterprise systems, processes data quickly, and delivers clean, audit-ready support — including free audit defense. In today’s tight-margin environment, producers and agribusinesses can’t afford to overlook legitimate credits. If you operate: • 800+ acres • Livestock operations • Food processing • Agribusiness support companies • Or any operation testing improvements This conversation could directly impact your bottom line. Because the smartest operators don’t just grow crops. Want Farm4Profit Merch? Custom order your favorite items today! https://farmfocused.com/farm-4profit/ Don’t forget to like the podcast on all platforms and leave a review where ever you listen! Website: www.Farm4Profit.com Shareable episode link: https://intro-to-farm4profit.simplecast.com Email address: Farm4profitllc@gmail.com Call/Text: 515.207.9640 Subscribe to YouTube: https://www.youtube.com/channel/UCSR8c1BrCjNDDI_Acku5Xqw Follow us on TikTok: https://www.tiktok.com/@farm4profitllc Connect with us on Facebook: https://www.facebook.com/Farm4ProfitLLC/ Want Farm4Profit Merch? Custom order your favorite items today!https://farmfocused.com/farm-4profit/ Don’t forget to like the podcast on all platforms and leave a review where ever you listen! Website: www.Farm4Profit.comShareable episode link: https://intro-to-farm4profit.simplecast.comEmail address: Farm4profitllc@gmail.comCall/Text: 515.207.9640Subscribe to YouTube: https://www.youtube.com/channel/UCSR8c1BrCjNDDI_Acku5XqwFollow us on TikTok: https://www.tiktok.com/@farm4profitllc Connect with us on Facebook: https://www.facebook.com/Farm4ProfitLLC/ Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
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