If you’ve recently heard more conversations about Section 180 tax deductions, residual fertility or legacy nutrients, you may wonder: Is this something new? It isn’t. IRS Section 180 dates back to 1960. What is new…
When agricultural land changes hands, fertilizer, lime and other inputs applied by a previous owner can leave behind residual fertility, sometimes referred to as legacy nutrients, that continues to support production. Under the right circumstances,…
