Alberta Wheat Commission Reminding Farmers To Apply For The SR&ED Tax Credit

Feb 25, 2021

Producers who paid their Alberta Wheat Commission check-off are eligible for a 31 per cent tax credit for their investment in wheat research and development projects.

The tax credit is available through the Scientific Research & Experimental Development Fund program.

The federal program encourages R&D investment through tax-based incentives, giving claimants tax credits for their expenditures on eligible R&D work.

The tax credit percentage is based on the amount invested in R&D that meets the criteria laid out by the Canada Revenue Agency.

Farmers should use form T2038 (IND) to claim the credit, while farm corporations must use form T2SCH31 when filing their taxes.

Farmers who have requested a refund on their check-off are not eligible for the tax credit.

More information on the research and development tax credit (SR&ED program) is available from the Canada Revenue Agency.

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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.