It’s tax season — which means farmers, ag business owners, and ag-tech founders are all asking the same question: Did I miss something?
In this episode of the AgCulture Podcast, Paul sits down with Louie Pitman and Sid Speir from RK Partners to unpack one of the most overlooked financial tools in agriculture — the R&D Tax Credit. RK Partners helps companies across agriculture and ag-tech optimize this government incentive, which can return roughly $0.10 for every $1 spent on qualifying research and development activity.
And that activity may be happening on your farm already.
R&D in agriculture can include animal health and nutrition programs, feed trials, crop science, genetics, automation, process improvements, robotics, AI systems, and even sustainability initiatives. RK works with farms and ag-tech businesses across the U.S. — including dairy, poultry, swine, crop operations, and agricultural technology providers — helping them identify, document, and defend qualifying claims.
If you’re experimenting, improving, testing, or building — this conversation may apply to you more than you think.
You can learn more about RK Partners at: https://www.rkpartners.com
MEET THE GUESTS
Louie Pitman
Louie is a Partner at RK Partners, working closely with agricultural businesses across the United States to help them maximize federal and state tax credits. With over seven years of experience in tax credits and incentives, he supports family-owned farms, large livestock operations, ag-focused manufacturers, and agtech startups in identifying opportunities within the R&D credit framework.Connect with Louie on LinkedIn
Sid Speir
Sid is the Vice President at RK Partners, where he leads the firm’s Agriculture division. He works closely with some of the largest livestock and crop operations across the United States, helping them navigate and maximize the federal R&D Tax Credit. With nearly a decade of experience in the R&D tax space, Sid specializes in identifying, documenting, and defending qualifying claims for agricultural businesses.Connect with Sid on LinkedIn
ABOUT THE PODCAST
Discover the world of agriculture with the "Ag Culture Podcast".This podcast is a gateway for those passionate about agriculture to explore its global perspectives and innovative practices.
Join Paul as he shares his experiences in the agricultural industry, his travels and encounters with important figures around the world.
Available on YouTube, Spotify and Apple Podcasts.Subscribe at http://www.agculturepodcast.com and keep an eye out for future episodes, bringing insights and stories from the vibrant world of agriculture.
00:00 – Why R&D tax credits matter for agriculture
02:05 – What R&D tax credits actually are
05:30 – The 4-part qualification test
09:00 – Practical dairy farm examples
12:05 – The George v. Commissioner case
14:30 – Paul’s on-farm experience
16:00 – Documentation made simple
21:20 – Genetics & breeding as R&D
24:00 – AgTech & AI applications
27:00 – Payroll tax offset for startups
28:45 – How the credit reduces taxes
30:40 – The Big Beautiful Bill explained
32:30 – Audit risk & defensible claims
37:00 – What agriculture underestimates