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: Dicamba Returns for Georgia Farmers: What the New EPA Ruling Means for Cotton Growers

After being unavailable in 2024 due to registration issues, dicamba products are returning for Georgia farmers this growing season — but under strict new conditions.

In this report from Tifton, Extension Weed Specialist Stanley Culpepper explains the updated EPA ruling, including new application limits, mandatory training requirements, and the need for a restricted use pesticide license. Among the key changes: a cap of two ½-pound applications per year and the required use of an approved volatility reduction agent with every application.

For Georgia cotton producers, the ruling is significant. According to Taylor Sills with the Georgia Cotton Commission, the vast majority of cotton planted in the state carries the dicamba-tolerant trait — meaning farmers had been paying for technology they couldn’t use.

While environmental groups have expressed concerns over spray drift, Georgia growers have reduced off-target pesticide movement by more than 91% over the past decade. Still, this two-year registration period will come with increased scrutiny, making stewardship and compliance more important than ever.