Your Agriculture, Mining, or Farming company may be eligible for the R&D credit.
According to the U.S. Bureau of Labor Statistics, the Agriculture, Mining, and Farming sectors of employment have grown over the past decade. What's more, thanks to our Nation's reliance on these sectors for food, energy, and raw materials for our gadgets, they are projected to continue that growth in the years to come. With this growth in personnel and the need for innovation to stay competitive, businesses both large and small are able to take advantage of the R&D Tax Credit.
Some examples of qualified activities include:
Experimentation with New Methodology to Improve Yields;
Development of Pest, Disease, and Climate Resistant Strains;
Implementation of Lighting and Irrigation Systems;
Genetic Research & Modification; and
Design and Development of New Equipment or Processes.