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Income Tax Effects on Beef Cow Replacement Strategy*

Published online by Cambridge University Press:  28 April 2015

Ronald D. Kay  and
Edward Rister
Ronald D. Kay
Affiliation:
Texas Agricultural Experiment Station, Department of Agricultural Economics, Texas A & M University
Edward Rister
Affiliation:
Texas Agricultural Experiment Station, Department of Agricultural Economics, Texas A & M University
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Extract

Little work has been done on the effect of income taxes on the firm-level decisions made by farmers and ranchers. Krause and Shapiro [4] identified this gap in agricultural economic research, noting that much of the published work on income taxes is descriptive rather than an analysis of the effect on firm level decision-making and resource allocation. Yet farmers make few investment or production decisions which do not affect their income tax liability for one or more years.

An exception to the usual practice of omitting income taxes from a research study is a recent article by Lin, Dean and Moore [5].

Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 9 , Issue 1 , July 1977 , pp. 169 - 172
Copyright
Copyright © Southern Agricultural Economics Association 1977

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Footnotes

*

Technical Article No. 13093 of the Texas Agricultural Experiment Station

References

[1]Bentley, Ernest, Waters, James R. and Shumway, C. Richard. “Determining Optimal Replacement Age of Beef Cows in the Presence of Stochastic Elements,” Southern Journal of Agricultural Economics, Volume 8, No. 2, 1976, pp. 13–18.Google Scholar
[2]Chisholm, A. H. “Effects of Tax Depreciation Policy and Investment Incentives on Optimal Equipment Replacement Decisions,” American Journal of Agricultural Economics, Volume 56, No. 4, 1974, pp. 776–783.CrossRefGoogle Scholar
[3]Kay, Ronald D. and Rister, Edward. “Effects of Tax Depreciation Policy and Investment Incentives on Optimal Equipment Replacement Decisions: Comment,” American Journal of Agricultural Economics, Volume 58, No. 2, 1976, pp. 355–358.CrossRefGoogle Scholar
[4]Krause, Kenneth R. and Shapiro, Harvey. “Tax-Induced Investment in Agriculture: Gaps in Research,” Agricultural Economics Research, Economic Research Service, USDA, Volume 26, No. 1, January 1974, pp. 13–21.Google Scholar
[5]Lin, William, Dean, G. W. and Moore, C. V.. “An Empirical Test of Utility vs. Profit Maximization in Agricultural Production,” American Journal of Agricultural Economics, Volume 56, No. 3, 1974, pp. 497–508.CrossRefGoogle Scholar
[6]Rister, Edward. “Capital Gains Tax Treatment and the Cattleman,” Unpublished M.S. Thesis, Texas A & M University, 1976, pp. 22–24.Google Scholar