Interest in Section 180 continues to grow as more farmland owners learn that residual fertility in their soil may hold measurable value. Advanced Agrilytics CEO Kenny Avery recently joined American Farmland Owner to explain the potential opportunity and what landowners should know.
In the conversation, Kenny discusses how Section 180 may allow qualifying farmland owners to recognize the value of excess nutrients already present in the soil and potentially claim a tax deduction. This may be especially relevant for land held separately from the farming operation, as well as certain purchased or inherited properties.
Kenny also explains how Advanced Agrilytics evaluates residual fertility field by field using soil data, geographic benchmarks and nutrient values. The resulting documentation and depletion schedule give landowners and their tax professionals information to consider based on the property’s specific conditions.
Read the full article or listen to the interview to learn how residual fertility is valued, how a potential deduction may be spread over time and why Section 180 is gaining attention among farmland owners and investors.