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Effects of Selected Tax Policies on Management and Growth of A Catfish Enterprise

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  • Kinnucan, Henry
  • Cacho, Oscar
  • Hanson, Gregory D.

Abstract

A multiperiod programming model was used to simulate the effects of lower marginal income tax rates, the soil and water conservation deduction, and the cash tax accounting option on firm growth for a “representative” farm operating in the Alabama Black Belt region. Results show the lowered marginal income tax rates associated with the Economic Recovery Tax Act (ERTA) of 1981 provide a positive growth stimulus to the modeled firm as measured by accumulated net worth over a 10-year planning horizon. The soil and water conservation deduction in general provides greater tax relief to the modeled firm than either the ERTA income tax rate changes or the cash tax accounting provision. Important complementary and substitute relationships were found to exist between marginal income tax rates and the various tax provisions studied, implying care must be exercised when attempting to evaluate the impact on farm firms of changes in tax policy.

Suggested Citation

  • Kinnucan, Henry & Cacho, Oscar & Hanson, Gregory D., 1986. "Effects of Selected Tax Policies on Management and Growth of A Catfish Enterprise," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 18(2), pages 215-226, December.
    • Handle: RePEc:cup:jagaec:v:18:y:1986:i:02:p:215-226_00
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    Cited by:

    1. Kolajo, Ebenezer F. & Martin, Neil R., Jr., "undated". "Farm Firm Decisions Modeling: A Methodological Evaluation Of Alternative Farm Growth Modeling Approaches," 1987 Annual Meeting, August 2-5, East Lansing, Michigan 269948, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Michael P. Watters & Zoel W. Daughtrey, 1991. "Tax accounting methods of aquacultural producers," Agribusiness, John Wiley & Sons, Ltd., vol. 7(1), pages 39-55.

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