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The Effects of Tax Policy on American Agriculture

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  • Davenport, Charles
  • Boehlje, Michael D.
  • Martin, David B. H.

Abstract

Federal tax policy appears to have a significant impact on American agriculture. Generally, tax policy has led to upward pressure on farmland prices, larger farm sizes, incentives for farm incorporation, altered management practices, and increased use of farmland as a tax shelter—by both farmers and nonfarmers.

Suggested Citation

  • Davenport, Charles & Boehlje, Michael D. & Martin, David B. H., 1982. "The Effects of Tax Policy on American Agriculture," Agricultural Economic Reports 307912, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerser:307912
    DOI: 10.22004/ag.econ.307912
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    References listed on IDEAS

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    1. Boehlje, Michael D. & Harl, Neil E., 1978. ""Use" Valuation Under The 1976 Tax Reform Act: Problems And Implications," ISU General Staff Papers 197804010800001071, Iowa State University, Department of Economics.
    2. Kwang-Siung C. Ling, 1980. "Impact of Farm Size on the Bidding Potential for Agricultural Land: Comment," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 62(4), pages 845-846.
    3. Martin Feldstein, 1983. "Inflation, Portfolio Choice, and Prices of Land and Corporate Stock," NBER Chapters, in: Inflation, Tax Rules, and Capital Formation, pages 229-242, National Bureau of Economic Research, Inc.
    4. Duane G. Harris & Richard F. Nehring, 1977. "Impact of Farm Size on the Bidding Potential for Agricultural Land: Reply," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 59(2), pages 388-390.
    5. Boehlje, Michael & Good, William & Harl, Neil & Achterhof, John, 1979. "Intergenerational Transfers And Estate Planning: The Iowa Experience," ISU General Staff Papers 197901010800001074, Iowa State University, Department of Economics.
    6. Boehlje, Michael & Krause, Kenneth, 1981. "Economic and Federal Tax Factors Affecting the Choice of a Legal Farm Business Organization," Agricultural Economic Reports 307902, United States Department of Agriculture, Economic Research Service.
    7. Roy D. Adams, 1977. "The Effect of Income Tax Progressivity on Valuations of Income Streams by Individuals," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 59(3), pages 538-542.
    8. Woods, W. Fred & Sisson, Charles A., 1975. "The Significance of Capital Gains to Farmers and Some Effects of Eliminating Their Preferred Income Tax Treatment," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 7(1), pages 145-151, July.
    9. Gordon E. Rodewald, 1969. "A Method for Analyzing the Effect of Taxes and Financing on Investment Decisions," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 51(5), pages 1178-1181.
    10. Unknown, 1979. "Farm Income Statistics," Statistical Bulletin 154366, United States Department of Agriculture, Economic Research Service.
    11. Neil E. Harl, 1969. "Do Legal and Tax Rules Favor Large-Scale Agricultural Firms?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 51(5), pages 1381-1392.
    12. Bailey, Martin J, 1974. "Progressivity and Investment Yields under U.S. Income Taxation," Journal of Political Economy, University of Chicago Press, vol. 82(6), pages 1157-1175, Nov.-Dec..
    13. Lee, Warren F. & Rask, Norman, 1976. "Inflation And Crop Profitability: How Much Can Farmers Pay For Land?," 1976 Annual Meeting, August 15-18, State College, Pennsylvania 283820, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    14. Woods, W. Fred & Sisson, Charles A., 1975. "The Significance Of Capital Gains To Farmers And Some Effects Of Eliminating Their Preferred Income Tax Treatment," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 7(1), pages 1-7, July.
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    Cited by:

    1. Harrington, David H. & Reimund, Donn A. & Baum, Kenneth H. & Peterson, R. Neal, 1983. "U.S. Farming in the Early 1980's: Production and Financial Structure," Agricultural Economic Reports 307951, United States Department of Agriculture, Economic Research Service.
    2. Baum, Kenneth H. & Harrington, David H., 1983. "Effects of Alternative Economic Scenarios and Commodity Policies on Regional Representative Farms," Staff Reports 337010, United States Department of Agriculture, Economic Research Service.

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