Tax Services

Are you maximizing your tax savings? AgAmerica works with tax experts to help you optimize your financial plans, reduce tax burdens, and allocate resources more effectively.

Overview

How We Can Help

Agricultural tax laws can be intricate and specialized, making it challenging for farmers to navigate. AgAmerica works with a team of experts well-versed in agricultural finance and tax strategies¹. Tailored guidance can help you document your qualifying expenses and achieve maximum savings.

Tax Services

Soil Testing

AgAmerica has partnered with a leading tax service provider to evaluate soil fertility on recently acquired land, helping landowners maximize tax savings. To elect this benefit, the soil is tested and analyzed to calculate the value of the underlying nutrients. This value can then be deducted against the owner's taxable income through specific tax strategies. On average, clients have seen $12.50 of tax savings² for every $1 spent.

Tax Services

R&D Tax Credit

While operators may not always think of themselves as engaged in R&D, it's possible that innovative and technology-driven practices on your farm can qualify for the credit. The R&D Tax Credit is a tax incentive designed to encourage businesses, including agriculture operations, to invest in research and development activities. Eligible expenses for the R&D Tax Credit can include using new types of seeds or crops, making improvements to how you pack your products, using advanced technology to increase crop yields, and more.

Frequently Asked Questions

Tax Planning

What types of properties qualify for the soil fertility tax deduction strategies?

What types of activities qualify for R&D tax credit?

Examples of qualifying activities or expenses:

Using new seed genetics from a provider
Introducing new crops or produce you have not previously grown
Improving product packaging
Using advanced technology to increase crop yields
Finding better ways to store or transport products
Switching from traditional farming to regenerative methods
Trying out new genetics for livestock
Changing irrigation methods for row or permanent crops
Buying and using new herbicides or insecticides
Improving processes within a vertically integrated operation
Making investments to improve the well-being of your animals

What differentiates AgAmerica from other financial service providers in the agricultural sector?

Experience the AgAmerica Difference.

Ready to take control of your financial future? Contact us today and let's start the conversation about how we can help you achieve your financial goals.

Strategic Products and services described are offered by third parties. AgAmerica and its affiliates may be paid a referral fee in relation to clients referred to any such third parties.
AgAmerica and its affiliates do not provide tax or legal advice. This communication cannot be relied upon as tax or legal advice. Please consult your tax and legal advisers to determine tax implications based upon your individual circumstances. Whether any planned tax result is realized by you depends on the specific facts of your own situation at the time your tax return is filed.