Could your Farm Benefit from a Legacy Nutrient Deduction?
Every dollar matters in a tough farm economy. This year, could your farm benefit from a Legacy Nutrient Deduction?
Boa Safra Ag, one of AGI Digital’s strategic partners, specializes in unlocking tax savings for U.S. agricultural landowners through Legacy Nutrient Deductions™. Now may be the time for farmers, who have not yet claimed this deduction, to consider: Are you ready to take advantage of this game-changing opportunity?
Here is the scoop
Boa Safra Ag helps landowners claim significant tax deductions on purchased or inherited cropland, ranchland or timberland based on the historical nutrient value embedded in the soil. These deductions are not theoretical. They are backed by science, audit-tested and 100% compliant with U.S. Internal Revenue Service (IRS) regulations.
In fact, Boa Safra has helped nearly 4,000 clients unlock an average of $1,700 USD per acre in deductions across 49 states.
Why is this important?
Most landowners do not realize they are sitting on untapped tax savings that could significantly improve their bottom line.
Whether the land was acquired recently or over a decade ago, these tax deductions are possible for property purchased as far back as 2010. Regardless of farm size, this is an opportunity to put money back into the operation – a great strategy during challenging times.
*Average Tax Deduction by Region for Boa Safra Ag clients (provided by Bo Safra Ag)
How does it work?
Boa Safra Ag’s process includes soil sampling, data analysis and the preparation of a comprehensive, expert-crafted report that is shared with farmers (the landowners) and their tax filers.
The program takes the guesswork out of claiming deductions. Boa Safra’s services are tailored to individual needs, ensuring landowners receive maximum benefits with minimal hassle.
Did you also know?
Boa Safra Ag’s U.S. clients see an average deduction of $1,700 USD per acre. With a fee of just $40 USD per acre, that is an incredible 42.5x return on investment. For farmers, it is a smart way to maximize their land’s value.
Farmers interested in harvesting hidden tax deductions can learn more by visiting Boa Safra Ag.
Farmers Ask Boa Safra Ag
Time is precious especially during tax and pre-planting season. That is why Boa Safra Ag is committed to helping landowners unlock the hidden value of their land through Legacy Nutrient Deductions™. Here are the most frequently asked questions answered by Boa Safra Ag.
How much can I deduct?
On average, customers see deductions of $1,700USD per acre. For planning purposes, Boa Safra Ag recommends these estimates:
- If your basis per acre is $3,000 or more, estimate a deduction of $1,500 per acre.
- If your basis is under $3,000, plan for about 50% of your basis.
When do I need my report?
Your report does not need to be finalized by December 31. It just needs to be ready when you file your taxes, giving you plenty of time to prepare.
How long does the process take?
Once you sign your contract and provide field information, the process typically takes 45 to 60 days.
What if I am providing my own fertilizer and soil data?
If you are supplying this information, the analysis begins only after Boa Safra Ag has received all required details. Submissions must be complete. Legacy Nutrient Deductions™ offer an incredible opportunity to capture significant tax savings. Learn more at www.boasafraag.com.
