The ACG

Received this flyer in the mail. I don't know this outfit, nor am I promoting them... but am curious if anyone's had experience with Section 180. Pros/cons? I've never dealt with it, but my understanding is Section 180 is a tax tool that lets active farmers immediately deduct some land costs — like fertilizer, lime, or even residual nutrients already in the soil — instead of adding them to land basis or depreciating them over time. I think it has to be: -Recently purchased previously farmed land -Soil amendments with multi-year benefits I don't think it can be used if: -You’re just a cash rent landlord -The land has never been farmed before -You can’t back it up with records Anyone actually used it and have thoughts?

Planned sales range from single tracts of less than 100 acres to a sealed bid sale featuring just over 150 acres. Here’s a closer look at the farmland expected to change hands across 12 Iowa counties. agriculture.com/more-than-1-…