IDEAS home Printed from https://ideas.repec.org/a/ags/wjagec/32585.html
   My bibliography  Save this article

Income Tax Reform And California Orchard Development

Author

Listed:
  • Carman, Hoy F.

Abstract

The effects of requiring capitalization of citrus and almond orchard development expenses on acreage, production and product prices for seven California orchard and vine crops are estimated. Acreage and production of citrus and almonds decreased, as expected. The decreases in orange and lemon acreage, however, were more than offset by increased acreage of walnuts and grapes. The switch of developer and investor interest to walnuts and grapes appears to have added to the cyclical instability of production and prices for these two crops. Perennial crop adjustments to selective changes in tax provisions involve very significant time lags.

Suggested Citation

  • Carman, Hoy F., 1981. "Income Tax Reform And California Orchard Development," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 6(2), pages 1-16, December.
    • Handle: RePEc:ags:wjagec:32585
    DOI: 10.22004/ag.econ.32585
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/32585/files/06020165.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.32585?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Allan N. Rae & Hoy F. Carman, 1975. "A Model Of New Zealand Apple Supply Response To Technological Change," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 19(1), pages 39-51, April.
    2. Krause, Kenneth R. & Shapiro, Harvey, 1974. "Tax-Induced Investment In Agriculture: Gaps In Research," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 26(1), pages 1-9, January.
    3. Hoy F. Carman & James G. Youde, 1973. "Alternative Tax Treatment of Orchard Development Costs: Impacts on Producers, Middlemen, and Consumers," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 55(2), pages 184-191.
    4. Ben C. French & Jim L. Matthews, 1971. "A Supply Response Model for Perennial Crops," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 53(3), pages 478-490.
    5. John L. Baritelle & David W. Price, 1974. "Supply Response and Marketing Strategies for Deciduous Crops," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 56(2), pages 245-253.
    6. Ben C. French & Raymond G. Bressler, 1962. "The Lemon Cycle," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 44(4), pages 1021-1036.
    7. Hoy F. Carman, 1972. "Tax Loss Agricultural Investments after Tax Reform," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 54(4_Part_1), pages 627-634.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Michael Boehlje & Hoy Carman, 1982. "Tax Policy: Implications for Producers and the Agricultural Sector," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 64(5), pages 1030-1038.
    2. National Economics Division, 1986. "Income Tax Reform And Agriculture: A Symposium," Staff Reports 277847, United States Department of Agriculture, Economic Research Service.
    3. Hardesty, Sermin D. & Carman, Hoy F., 1982. "Orchard Investment And The Economic Recovery Tax Act Of 1981," Working Papers 225698, University of California, Davis, Department of Agricultural and Resource Economics.
    4. Thomas W. Hertel & Marinos E. Tsigas, 1988. "Tax Policy and U.S. Agriculture: A General Equilibrium Analysis," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 70(2), pages 289-302.
    5. Kinney, William & Green, Richard & Carman, Hoy & O'Connell, John, 1987. "An Analysis of Economic Adjustments in the California-Arizona Lemon Industry," Research Reports 251939, University of California, Davis, Giannini Foundation.
    6. Traboulsi, Mohamad Rafic, 2013. "Effect of Climate Change on Supply Response of Florida Citrus Crops 1980-2010," 2013 Annual Meeting, February 2-5, 2013, Orlando, Florida 143063, Southern Agricultural Economics Association.
    7. Richards, Timothy J. & Kagan, Albert & Mischen, Pamela & Adu-Asamoah, Richard, 1996. "Marketing Order Suspensions And Fresh Lemon Retail-Fob Margins," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 28(2), pages 1-15, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kinney, William & Green, Richard & Carman, Hoy & O'Connell, John, 1987. "An Analysis of Economic Adjustments in the California-Arizona Lemon Industry," Research Reports 251939, University of California, Davis, Giannini Foundation.
    2. Bazen, Ernest F. & Roberts, Roland K. & Travis, John & Larson, James A., 2008. "Factors Affecting Hay Supply and Demand in Tennessee," 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas 6889, Southern Agricultural Economics Association.
    3. Julian M. Alston & John W. Freebairn & John J. Quilkey, 1980. "A Model Of Supply Response In The Australian Orange Growing Industry," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 24(3), pages 248-267, December.
    4. Elnagheeb, Abdelmoneim H. & Florkowski, Wojciech J., 1993. "Modeling Perennial Crop Supply: An Illustration From The Pecan Industry," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 25(1), pages 1-10, July.
    5. Devadoss, Stephen & Luckstead, Jeff, 2010. "An analysis of apple supply response," International Journal of Production Economics, Elsevier, vol. 124(1), pages 265-271, March.
    6. French, Ben C. & Gomaa, Mohammed, 1983. "An Economic Model of Dynamic Adjustment Processes in the Egyptian Citrus Industry," Working Papers 243419, University of California, Davis, Agricultural Development Systems: Egypt Project.
    7. Rae, Allan N. & Carman, Hoy F., 1975. "A Model Of New Zealand Apple Supply Response To Technological Change," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 19(1), pages 1-13, April.
    8. Hanawa, Hikaru & Willett, Lois Schertz & Tomek, William G., 1997. "An Econometric Analysis of the U.S. Kiwifruit Industry: Annual and Monthly Factors," Research Bulletins 122721, Cornell University, Department of Applied Economics and Management.
    9. Murray-Prior, Roy B. & Wright, Vic, 2001. "Influence of strategies and heuristics on farmers’ response to change under uncertainty," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 45(4), pages 1-26.
    10. Rae, Allan N., 1978. "An Evaluation Of A New Zealand Marketing Board'S Supply Diversion Strategies," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 22(1), pages 1-21, April.
    11. Tozer, Peter R. & Marsh, Thomas L. & Jiang, Xiaojiao, 2014. "Perennial Supply – Substitution in Bearing Acreage Decisions," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 170045, Agricultural and Applied Economics Association.
    12. Hardesty, Sermin D. & Carman, Hoy F., 1982. "Orchard Investment And The Economic Recovery Tax Act Of 1981," Working Papers 225698, University of California, Davis, Department of Agricultural and Resource Economics.
    13. Fleskens, Luuk & Graaff, Jan de, 2010. "Conserving natural resources in olive orchards on sloping land: Alternative goal programming approaches towards effective design of cross-compliance and agri-environmental measures," Agricultural Systems, Elsevier, vol. 103(8), pages 521-534, October.
    14. Marc Nerlove, 1979. "The Dynamics of Supply: Retrospect and Prospect," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 61(5), pages 874-888.
    15. Charles A. Sisson, 1979. "An Intersectoral Examination of Tax Equity: Farm and Nonfarm Burdens," Public Finance Review, , vol. 7(4), pages 455-478, October.
    16. Just, Richard E., 1992. "Discovering Microeconomic Relationships in Agriculture," 1992 Conference (36th), February 10-13, 1992, Canberra, Australia 146530, Australian Agricultural and Resource Economics Society.
    17. Jiarong Qian & Shoichi Ito & Zhijun Zhao, 2020. "The effect of price support policies on food security and farmers’ income in China," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 64(4), pages 1328-1349, October.
    18. Arvind Panagariya & Maurice Schiff, 1991. "Política Comercial, Exportaciones de Productos Básicos y Bienestar: Teoría y Aplicación al Cacao," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 28(84), pages 249-270.
    19. National Economics Division, 1986. "Income Tax Reform And Agriculture: A Symposium," Staff Reports 277847, United States Department of Agriculture, Economic Research Service.
    20. Folwell, Raymond J. & Mittelhammer, Ronald C. & Wang, Q., 1998. "An Empirical Bargaining Model Of Price Discovery: An Application To The Washington/Oregon Asparagus Industry," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 1(4), pages 1-13.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:wjagec:32585. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/waeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.