When farmers think about tax-saving opportunities, accelerated depreciation on equipment is usually one of the first things that comes to mind. It is familiar, widely discussed, and often built into year-end planning. What is discussed far less often is a potentially valuable one-time tax opportunity tied to newly acquired farmland: Section 180 and the possibility…

For several years, Section 174 functioned less like a tax incentive and more like a penalty. Expenses that businesses had long deducted immediately, particularly wages and contractor costs tied to internal development, were suddenly required to be amortized over multiple years, often inflating taxable income without any corresponding increase in cash flow. That treatment was…