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,…
Residual fertility isn’t always visible, but it can represent real value. For owners of actively managed production timberland, understanding IRS Section 180 may uncover an opportunity that many landowners, investors, and even tax professionals overlook.…
Section 180 residual fertility deductions can create significant tax advantages for farmland owners, but not all Section 180 reports are created equally. As more landowners evaluate residual fertility deductions tied to farmland purchases and inherited…
When farmland changes hands, whether through purchase or inheritance, the conversation often centers on soil quality, productivity potential, and purchase price. But there’s another factor that directly affects both the value of the land and…
Every year, 2.5 percent of America’s farmland (including land used to produce crops and timber, plus pasture) changes hands through sale or inheritance — translating to roughly 20-22 million acres annually*. For growers navigating those…
