We help land investors and farmers that recently purchased farm land.
With our full suite of turnkey services, we help maximize farm tax deductions for recently acquired farmland.
If you purchased or inherited farmland, you may qualify for a little-known farm tax deduction related to excess soil fertility. Watch the video below to hear Dave, a farmer in Iowa, tell his story:
Owners of agricultural properties tend to be deeply experienced with capturing accelerated deductions on capital items such as fencing, irrigation, and structures to improve the tax efficiency of their holdings. However, very few are aware that they can capture soil fertility-related deductions as well.
This allows for an overlooked farm tax deduction that is determined according to the levels of excess fertility in your recently acquired soil. Savings related to recently acquired farmland can be substantial!
Up to $1400 savings/acre.
We know because
we’ve seen it!
Establishing Burden of Proof
The Fall 2023 edition of Agricultural Tax Issues, published by Land Grant University’s Tax Education Foundation, offers context and guidance regarding this opportunity with IRS section 180.
According to the report (p. 171):
“As fertilizer prices have climbed higher, more people who acquire farmland through purchase or inheritance have looked for more ways to recover the value of residual fertilizer through amortization or I.R.C. § 180 deductions. While there is some support for taking reasonable deductions for excess fertilizer, taxpayers should ensure that they are carefully considering the risk.”
Who We Help
Boa Safra serves a variety of clients and channel partners.
Federal tax code allows purchasers of agricultural land to depreciate the legacy value of fertilizer ingredients that are present in their soil at the time of acquisition in the same way as other capital items such as fencing, irrigation equipment, or structures. In order to capture these deductions, owners need to quantify the volume and value of legacy nutrients in their soils. Boa Safra specializes in both.
Owner – Operators
Banks & Mortgage
The Results Speak for Themselves
”I have been farming for a long time, and it was hard for me to understand this process, I thought if it was real, I would have already known about it. The truth is it’s real, it works, and the Boa Safra team is very professional. The whole process was easy and 100% turnkey. My only regret is not doing this sooner. Call these guys, you will be happy you did.”
Paul T., Iowa
”I got a mailer and was a skeptic but decided to call. I found the Boa Safra team to be very informative, responsive, and well-versed regarding soil fertility load analysis which is the key to IRS section 180. I decided to go with them. I saved over $400,000 off my tax bill.”
Luke M., Michigan
Land investors & farmers choose Boa Safra Ag.
Sampling and Testing
We’re the soil testing experts.
We deliver the data and analysis
that YOUR CPA needs.
Qualify for Section 180.
Get the tax deduction you deserve.
Boa Safra’s deeply technical understanding of soils, taxes, and technology enabled it to develop proprietary sampling methodologies, datasets, and algorithms to deliver the most comprehensive reports available. Its scientifically driven, data-rich approach to soil deductions has been validated by national CPA firms and industry-leading lending, brokerage, and land management groups. This process includes three steps: (1) sampling and mapping soils, (2) establishing nutrient values, and (3) generating comprehensive reports.
Boa Safra Ag offers a full suite of turnkey services for landowners interested in claiming a deduction for fertility acquired with farmland.
Development of an extensive soil sampling protocol – including essential micro and macronutrients.
Collection of soil samples at an appropriate time during the crop year by our expert agronomists.
Analysis of Soil Fertility Load, determination of pre-existing soil fertility quantities, and fair market value.
Detailed report of Soil Fertility Load required to claim an IRS section 180 deduction.
Discover if your parcels’ Fertility Loads could qualify for this little-known, highly valuable tax deduction.
Since 2019, the team has enabled owners of agricultural land to fully benefit from soil related deductions. The company currently operates in 40+ states and has generated over $500 million of deductions for its clients.
Residual Fertility Load valuation may be determined as part of a land purchase agreement or appraised by a qualified third-party.
Only qualifying farmland transactions are permitted to claim pre-existing Soil Fertility Load as a deduction for agricultural production.
Stay up to date on an array of tax issues by Paul Neiffer, CPA.
Visit Farm CPA Report for invaluable insights on farm taxation and business strategies. Led by Paul Neiffer, a seasoned tax professional in the agribusiness realm, this resource offers a wealth of information tailored to farmers and investors.
DISCLOSURE: The content represented on this website is for informational purposes only. Boa Safra Ag makes no representations regarding the income tax implications or other use of Soil Fertility Load Analysis information and does not provide legal or accounting advice. Consultation with a tax and/or financial advisor is required.
Boa Safra Ag was founded by a team of Midwestern ag professionals to assist landowners in evaluating the presence and value of farmland soil fertility. Leveraging our extensive agricultural expertise, we help landowners maximize the value of an IRS section 180 deduction related to recently acquired farmland.
Our world class team of agronomists uses advanced technology and partners with industry-leading soil sampling and analysis organizations.
We Want to
Hear From You
Boa Safra Ag is a proud sponsor and board member of The Warrior Connection – an organization committed to ending Veteran suicide and repairing family relationships through proven holistic residential retreats for Veterans and military spouses.
LEARN MORE AT WARRIORCONNECTION.ORG