When your clients buy or inherit farmland, part of what they paid for is deductible, and the window to prove it is narrow. Bring that to them at the closing table, alongside the specialists who do it right.
Discuss a PartnershipThe Section 180 residual-fertility deduction lets a farmer deduct the unexhausted fertilizer left in purchased or inherited farmland, often a large first-year deduction, but only if parcel-specific soil tests are taken in the year of purchase, before new fertilizer goes on. Partnering with Novaric lets ag lenders and advisors flag that opportunity at exactly the right time, backed by a conservative, defensible study.
The studies most relevant to your book, and the client signals that point to them.
Ag partnerships typically run referral or co-delivered, you introduce the client at purchase, we run the soil study and the analysis, and you stay their trusted advisor.
Your clients. Your relationship. Our specialty.
The soil tests must be taken in the year of purchase, before any new fertilizer, so flagging it at closing is what makes the deduction possible.
It can be, in aggressive hands. We take the conservative, well-documented approach, unexhausted fertilizer only, so your clients aren’t exposed.
This page is general information, not tax or legal advice. Whether a client’s activities or property qualify depends on their facts and applicable law, and is determined through the appropriate study. Novaric coordinates with the partner firm and does not guarantee eligibility, savings, or any IRS outcome.