New R&D tax refund policy leaves agribusiness behind

Andrew Marshall
Updated May 22 2018 - 1:17pm, first published May 21 2018 - 11:30am
Partners Peter and Bob Mac Smith at MSM Milling, in Central West NSW, say innovation research in the high cost agribusiness sector is being penalised.
Partners Peter and Bob Mac Smith at MSM Milling, in Central West NSW, say innovation research in the high cost agribusiness sector is being penalised.

Farm sector research and development spending is likely to take a big hit because R&D tax incentive options for many businesses are set to halve next financial year.

Andrew Marshall

Andrew Marshall

National agribusiness writer

Andrew Marshall is the group agribusiness writer for ACM's state agricultural weeklies and websites. He is a former editor at The Land and has worked in various Rural Press group roles in Canberra, North Richmond (NSW) and Toowoomba (Qld).

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