STORY CITY, Iowa (RFD News) — Growers who recently purchased or inherited farmland could find additional value in nutrients already built up in the soil.
SoilView’s Chris Nelson joined us on Friday’s Market Day Report to discuss potential tax benefits under Section 180 of the IRS code.
Nelson said existing soil nutrients can have a monetary value that may be deductible from a grower’s federal tax return. He said proper soil sampling can help determine those nutrient levels while also giving growers better information for future fertilizer decisions.
With a Dec. 31 deadline approaching, Nelson encouraged growers who think they may qualify to contact a local agronomist or retailer for guidance.
LEARN MORE: www.soilview.com
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