Sask Wheat announces Research Tax Credit

Feb 18, 2022

Sask Wheat has crunched the numbers and says registered wheat growers that paid their levy will see a significant increase in this year's investment tax credits.

Communications Manager Dallas Carpenter says this year, farmers can claim 67.3 per cent of their levy contributions under the Scientific Research and Experimental Development expenditure on their Federal Tax Return.

"The program gives registered wheat producers, in our case, access to investment tax credits by means of cash refunds or reductions to taxes payable for their levy contributions that are spent on qualifying research."

He notes for the 2020-2021 crop year which ended July 31, 2021 Sask Wheat committed $10.2 million to 50 research projects.

The SR&ED Program is a federal government program that encourages research and development by providing tax-based incentives.

Farm Corporations can claim 48.97 per cent of their levy under the Saskatchewan Research and Development Tax Credit Program.

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Video: Evolution of Beef Cattle Farming

The Clear Conversations podcast took to the road for a special episode recorded in Nashville during CattleCon, bringing listeners straight into the heart of the cattle industry. Host Tracy Sellers welcomed rancher Steve Wooten of Beatty Canyon Ranch in Colorado for a wide-ranging discussion that blended family history and sustainability, particularly as it relates to the future of beef production.

Sustainability emerged as a central theme of the conversation, a word that Wooten acknowledges can mean very different things depending on who you ask. For him, sustainability starts with the soil. Healthy soil produces healthy grass, which supports efficient cattle capable of producing year after year with minimal external inputs. It’s an approach that equally considers vegetation, animal efficiency, and long-term profitability.

That philosophy aligned naturally with Wooten’s involvement in the U.S. Roundtable for Sustainable Beef, where he served as a representative for the Colorado Cattlemen’s Association. The roundtable brings together the entire beef supply chain—from producers to retailers—along with universities, NGOs, and allied industries. Its goal is not regulation, Wooten emphasized, but collaboration, shared learning, and continuous improvement.