With 60% of small farms relying on off-farm income, tax planning becomes even more important. We help you implement:
- Farm income averaging
- Tax-loss harvesting
- Conservation easements
- Succession tax strategies (up to 40% exposure without planning)
Farm and ranch owners can take advantage of farm tax deductions to reduce their taxable income and preserve working capital.
Balefire supports agribusiness owners with tax optimization and planning services, using strategies such as farm income averaging, tax-loss harvesting, and conservation easements.