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Income Tax Aspects of Liquidation in Multiperiod Linear Growth Models

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  • Reid, Donald W.
  • Musser, Wesley N.
  • Martin, Neil R.

Abstract

Since the mid-1960s, agricultural economists have given much attention to research on farm-firm growth. One procedure used in this type of research has been multiperiod linear programming models, e.g. [1, 6, 9, 11, 14, 17]. Several researchers using the multiperiod linear programming framework have compared optimizing criteria. Generally, comparisons were made between maximizing some type of present value criterion and maximizing net worth at the end of the planning horizon. The different assumptions associated with the two maximizing criteria have resulted in different optimal growth patterns.

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  • Reid, Donald W. & Musser, Wesley N. & Martin, Neil R., 1978. "Income Tax Aspects of Liquidation in Multiperiod Linear Growth Models," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 10(2), pages 29-34, December.
    • Handle: RePEc:cup:jagaec:v:10:y:1978:i:02:p:29-34_01
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    References listed on IDEAS

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    1. Michael D. Boehlje & T. Kelley White, 1969. "A Production-Investment Decision Model of Farm Firm Growth," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 51(3), pages 546-563.
    2. Hoy F. Carman, 1968. "Tax Shelters in Agriculture: An Example for Beef Breeding Herds," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 50(5), pages 1591-1595.
    3. Spence, Lyle C. & Mapp, Harry P., 1976. "A Retirement Income Simulation Model for Farm Operators," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 8(1), pages 163-168, July.
    4. Baker, C.B. & Barry, Peter J. & Lee, Warren F. & Olson, Carl E. & Hochman, Eithan & Rausser, Gordon S. & Kottke, Marvin W., 1977. "Economic Growth of the Agricultural Firm," Western Region Archives 260636, Western Region - Western Extension Directors Association (WEDA).
    5. Jean-Marc Boussard, 1971. "Time Horizon, Objective Function, and Uncertainty in a Multiperiod Model of Firm Growth," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 53(3), pages 467-477.
    6. Peter J. Barry, 1972. "Asset Indivisibility and Investment Planning: An Application of Linear Programming," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 54(2), pages 255-259.
    7. Martin, J. Rod & Plaxico, James S., 1967. "Polyperiod Analysis of Growth and Capital Accumulation of Farms in the Rolling Plains of Oklahoma and Texas," Technical Bulletins 171583, United States Department of Agriculture, Economic Research Service.
    8. J. M. Vandeputte & C. B. Baker, 1970. "Specifying the Allocation of Income among Taxes, Consumption, and Savings in Linear Programming Models," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 52(4), pages 521-527.
    9. Odell L. Walker & James R. Martin, 1966. "Firm Growth Research Opportunities and Techniques," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 48(5), pages 1522-1531.
    10. Irwin, George D., 1968. "A Comparative Review of Some Firm Growth Models," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 20(3), pages 1-20, July.
    11. Spence, Lyle C. & Mapp, Harry P., Jr., 1976. "A Retirement Income Simulation Model For Farm Operators," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 8(1), pages 1-6, July.
    12. Humberd, D. Ray, 1971. "Actual Versus Potential Growth Of A Farm Firm: An Ex Post Analysis," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 3(1), pages 1-7, December.
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    1. Johnson, Donald A. & Boehlje, Michael, 1983. "Managing Risk By Coordinating Investment, Marketing, And Production Strategies," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 8(2), pages 1-15, December.
    2. Walker, Odell L. & Hardin, Mike L. & Mapp, Harry P., Jr. & Roush, Clint E., 1979. "Farm Growth And Estate Transfer In An Uncertain Environment," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 11(1), pages 1-12, July.

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