OMAHA, NEB. (RFD NEWS) — A recent U.S. Tax Court ruling confirms that innovations in livestock production do qualify for the Research and Development (R&D) Tax Credit, opening the door for more producers to take advantage of the long-standing incentive.
U.S. Secretary of Agriculture under President George W. Bush and former Nebraska lawmaker Mike Johanns, who now serves as Alliant’s Chairman of Agriculture, joined us on Friday’s Market Day Report to discuss what he has described as a watershed moment for agriculture.
In his interview with RFD NEWS, Johanns explains how the ruling applies to livestock production, common practices that may qualify for the R&D credit, what producers should know about eligibility, and whether it extends across the industry.
Johanns also outlines the potential benefits for livestock producers, including the types of benefits they could receive by claiming the credit. He also addresses whether the incentive can be redeemed this tax season, how farmers can claim it, and offers advice for farmers and agribusinesses, livestock or otherwise, as they consider pursuing the R&D credit.
Before wrapping up, Johanns reflects on the current state of the agricultural economy and shares what he views as key issues across the agriculture industry today. in the industry today.
Software developers at John Deere Digital are addressing challenges with their new Operations Center, which helps farmers make decisions on the fly.
October 06, 2025 11:51 AM
·
“A government shutdown impacts all Americans and has serious consequences, including for farmers. It just adds additional uncertainty, disrupts critical services.”
October 06, 2025 11:23 AM
·
On Champions of Rural America, Rep. Dusty Johnson underscores the Western Caucus’ ongoing commitment to advocating for farmers and rural communities.
October 03, 2025 03:21 PM
·
Catch the special, “Praise and Worship: More Than a Hollow Hallelujah,” on The Gaither Gospel Hour, Friday at 8 PM ET only on RFD-TV!
October 03, 2025 03:07 PM
·
Consumer demand for regional food systems is strong, but the challenge lies in scaling production and infrastructure to meet that growing need.
October 03, 2025 02:57 PM
·
National FFA Organization Chief Program Officer Christine White previews the programs and activities planned for this year’s FFA Convention.
October 03, 2025 02:43 PM
·
Dave Kestel, a farmer from Will County and member of the Illinois Farm Bureau, joins us to share a boots-on-the-ground update on the 2025 corn harvest.
October 03, 2025 02:30 PM
·
American Coalition for Ethanol’s Ron Lamberty shares the significance of California’s approval, opening up the country’s largest gasoline market to a cleaner-burning, often lower-cost fuel option.
October 03, 2025 01:12 PM
·
Treasury Secretary Scott Bessent stated this week that the government will intervene to help, following China’s withdrawal from the U.S. soybean market. One trader says the industry will remain in a holding pattern until Tuesday.
October 03, 2025 01:04 PM
·
