SaskBarley has been approved for a SR&ED credit of 17.09% for 2015/2016
What is SR&ED
Farmers who pay check-off to SaskBarley are eligible to earn a federal investment tax credit through the Scientific Research and Experimental Development (SR&ED) program. The tax credit is based on the amount of check-off funds spent on research and development that meet specific criteria set out by the Canada Revenue Agency.
Farmers can calculate their total levy contribution by referring to their barley sales receipts, which show the levy allocation. Of this total, 30% is eligible to earn an investment tax credit. This resulting levy amount is eligible to earn an investment tax credit up to a maximum of 15% for individuals and up to a maximum of 35% for corporations that are considered Canadian controlled private corporations.
SaskBarley is a member of the Wheat and Barley Variety Working Group (WBVWG), which includes several other Western Canadian farm associations. We are all working together to assess and determine the best, long-term path forward for funding variety development programs in Canada.
Last year the Wheat and Barley Variety Working Group enlisted a consultant to explore a range of opportunities for farmer involvement and leadership in wheat and barley variety development in Canada. The result of this project was a report presenting an objective business case analysis of a range of options that would serve this purpose. See the report below.
Western Canadian Barley Producers Invest $2.4 Million in Barley Breeding
Alberta Barley, the Saskatchewan Barley Development Commission (SaskBarley), the Manitoba Wheat and Barley Growers Association (MWBGA) and the Western Grains Research Foundation (WGRF) are pleased to announce a commitment of more than $2.4 million over five years to the barley variety development program at the University of Saskatchewan Crop Development Centre (CDC).
“Producers have played an important role in funding barley variety development,” says Dave Sefton, WGRF Board Chair. “Since 1995 producers have invested almost $15 million into barley variety development through the Western Grains Research Foundation. Renewing our agreement with the CDC and having all of the prairie barley commissions and associations investing together is an important step to ensuring producers continue to get good value for their check-offs.”
2015 Farmers’ Forum on Grain Transportation – “Getting on Track: Solutions for the Future”
Monday July 20, 2015 10:00 am – 4:30 pm The Saskatoon Inn & Conference Centre 2002 Airport Drive, Saskatoon, SK, Canada S7L 6M4
Looking forward, the number one issue that farmers face across Saskatchewan continues to be reliable grain movement . As producers, we are export dependant. We need to get our product out to the customer when they want it if we are to truly grow Saskatchewan’s agricultural economy. What will it take to get us there?
The Agricultural Producers Association of Saskatchewan (APAS), Saskatchewan Wheat Development Commission and Saskatchewan Barley Development Commission are hosting a one-day forum for Saskatchewan producers.
The primary objective of this event is to focus on the path forward for grain transportation:
Understand the current state of the rail situation in Saskatchewan
Provide an overview of the growth in demand for rail services in Saskatchewan due to our growing economy
Understand rail investment strategy to grow capacity
Review the USA Northern Great Plains rail transportation situation and lessons learned
Understand the current Canadian Transportation Act (CTA) review process and early learning’s
Understand how the Maximum Revenue Entitlement works
Identify changes needed to build rail capacity and efficiency for Western Canada
Confirmed presenters include:
Terry Whiteside – Whiteside & Associates
Saskatchewan Chamber of Commerce
Murad Al-Katib – Special Advisor to the CTA Review Panel
Mary-Jane Bennett – Transportation consultant and Research Fellow at the Frontier Centre for Public Policy
Mark Hemmes – Quorum Corporation
Richard Gray – Bioresource Policy, Business and Economics, U of S
Register online at www.apas.ca or Download Registration form here – 2015 Registration form Farmers Forum Registration is $50 in advance or $75 at the door. Registration includes refreshments, lunch & a free pass for the Ag in Motion Show.