Is there hidden value in your farmland?

If you’ve purchased or inherited agricultural land, the existing residual fertility value may represent a valuable tax-saving opportunity.

Start the conversation How it works

Many landowners are unaware that nutrients such as phosphorus, potassium, lime, and other soil nutrients may represent a valuable asset – one that could potentially reduce taxable income by thousands of dollars per acre. With proper documentation and analysis, this residual fertility may provide tax deduction opportunities that would otherwise go unrecognized.

OptimAg Consulting helps landowners identify, quantify, and document residual fertility through a straightforward process designed to provide your CPA with the information needed to evaluate potential tax-saving opportunities.

What is Section 180?

Section 180 is a provision of the IRS tax code that allows agricultural landowners to deduct certain expenditures related to building soil fertility, or residual soil fertility present in the soil at the time of land acquisition.

Depending on the circumstances of each situation, tax professionals may consider Section 180 and other applicable tax provisions when evaluating residual fertility.

Could you benefit?

Purchased or inherited agricultural land
Land used for agricultural production
Have—or can obtain—soil fertility reports

A short opening conversation can help determine whether a deeper evaluation may be worthwhile.

A simple 3-step process

1
Opening discussion
We learn about your land, acquisition history, and whether an evaluation may be beneficial.
2
Data collection
We gather and review available soil tests and supporting property information.
3
Results
We provide a residual fertility report for your CPA or tax professional to review.