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Land Improvement Tax Deductions: Use And Value To The Farm Sector

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  • Daugherty, Arthur B.

Abstract

Of nearly 2.7 million farm sole proprietors filing tax returns in 1982, just 97,018 (4 percent) deducted soil and water conservation expenses and only 61,829 (2 percent) deducted land-clearing expenses. Each of these deductions averaged less than $1,100 per return on which they were claimed. Average tax savings were estimated to be from $177 to $246 for farmers claiming conservation expense deductions and from $220 to $280 for those deducting landclearing expenses. Although of considerable importance to individuals, these land improvement tax deductions were of minor importance to the farm sector, especially when contrasted to other tax provisions, such as the investment credit.

Suggested Citation

  • Daugherty, Arthur B., 1987. "Land Improvement Tax Deductions: Use And Value To The Farm Sector," Staff Reports 277926, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerssr:277926
    DOI: 10.22004/ag.econ.277926
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    References listed on IDEAS

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    1. Heimlich, Ralph E. & Daugherty, Arthur B., 1986. "The Land Improvement Tax Simulator (Lits): An Analytical Tool," Staff Reports 277913, United States Department of Agriculture, Economic Research Service.
    2. Durst, Ron & Rome, Wendy & Hrubovcak, James, 1981. "THE ECONOMIC RECOVERY TAX ACT OF 1981: Provisions of Significance to Agriculture," Staff Reports 276720, United States Department of Agriculture, Economic Research Service.
    3. Simunek, Richard & Somwaru, Agapi & Suddendorf, Sandra & Lucier, Gary, 1985. "The National Income and Product Accounts: Estimating Farm Income by Type of Farm," Technical Bulletins 157007, United States Department of Agriculture, Economic Research Service.
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    Cited by:

    1. Heimlich, Ralph E. & Wiebe, Keith D. & Claassen, Roger & Gadsby, Dwight M. & House, Robert M., 1998. "Wetlands and Agriculture: Private Interests and Public Benefits," Agricultural Economic Reports 34043, United States Department of Agriculture, Economic Research Service.
    2. Nielsen, Elizabeth G. & Miranowski, John A. & Morehart, Mitchell J, 1989. "Investments in Soil Conservation and Land Improvements: Factors Explaining Farmers' Decisions," Agricultural Economic Reports 308064, United States Department of Agriculture, Economic Research Service.

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    Keywords

    Land Economics/Use; Political Economy;

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