Farm4Profit Podcast

What’s Working in Ag: The Tax Credit Most Farmers Still Miss

Episode Summary

Tight margins demand smarter moves. In this What’s Working in Ag segment, we preview a powerful tax strategy that could put six figures back into a farm operation—and explain why next week’s full episode is a must-listen.

Episode Notes

www.onshore.com

In this What’s Working in Ag segment, the Farm4Profit team tees up one of the most impactful conversations we’ve had all year: Research & Development tax credits for farmers.

We sit down briefly with Dom and Tim from Onshore to explain—quickly and clearly—why this long-standing tax credit now applies to modern farming practices, not just labs and patents. From testing new hybrids and fertility programs to improving efficiency and yield, many farmers are already doing qualifying activities without realizing it.

Here’s what’s at stake:

A 2,000-acre corn and soybean operation could potentially unlock $100,000 or more

Credits can offset current taxes, refund taxes paid in the last four years, or carry forward up to 20 years

Unlike deductions, tax credits are dollar-for-dollar—$100,000 is actually $100,000

We break down:

What “research and development” really means in farming

Why this credit has become more farmer-friendly over time

The difference between deductions and credits (and why it matters now)

Who should be paying attention heading into 2026

This episode is intentionally short and to the point—but it’s also a preview. The full, deep-dive conversation drops next week, and if you’re farming in today’s margin environment, it’s one you don’t want to skip.