We are Boa Safra Ag
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.
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.
IRS Section 180
§ 180. Expenditures by farmers for fertilizer, etc.
(a) In general
A taxpayer engaged In the business of farming may elect to treat as expenses which are not chargeable to capital account expenditures (otherwise chargeable to capital account) which are paid or incurred by him during the taxable year for the purchase or acquisition of fertilizer, lime, ground limestone, marl, or other materials to enrich, neutralize, or condition land used In farming, or for the application of such materials to such land. The expenditures so treated shall be allowed as a deduction.
Discover if your parcels’ Fertility Loads could qualify for this little-known, highly valuable tax deduction.
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.
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