Hostname: page-component-745bb68f8f-s22k5 Total loading time: 0 Render date: 2025-01-14T00:06:29.765Z Has data issue: false hasContentIssue false
  • English
  • Français

The Effects of the 1980, 1981, and 1982 Tax Laws on Texas Rice Farmers

Published online by Cambridge University Press:  28 April 2015

James W. Richardson  and
Clair J. Nixon
James W. Richardson
Affiliation:
Agricultural and Food Policy Center of the Texas Agricultural Experiment Station and the Accounting Department atTexas A&M University
Clair J. Nixon
Affiliation:
Agricultural and Food Policy Center of the Texas Agricultural Experiment Station and the Accounting Department atTexas A&M University
Get access Rights & Permissions [Opens in a new window]

Abstract

A whole farm Monte Carlo simulation model was used to simulate a typical rice farm on the Texas Gulf Coast for 10 years under the 1980, 1981, and 1982 income tax provisions. Results for this analysis indicate that the 1981 tax provisions clearly were more beneficial to farm operators than the 1980 or 1982 income tax provisions. While the 1981 and 1982 tax law changes clearly improved the cash flow of farm operators, they did not greatly improve the wealth positions of farm operators in the Texas Gulf Coast.

Keywords

income taxfarm policysimulation
Type
Submitted Articles
Information
Journal of Agricultural and Applied Economics , Volume 16 , Issue 1 , July 1984 , pp. 137 - 144
Copyright
Copyright © Southern Agricultural Economics Association 1984

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Davenport, C, Boehlje, M.D. and Martin, D.B.. “The Effects of Tax Policy on American Agriculture,” U.S. Dept. Agr., Econ. Res. Serv., Ag. Econ. Rept. No. 480, Feb. 1982.Google Scholar
Gerlow, A. Tex. Agr. Ext. Ser., Bryan, Texas, Interviews, 1982.Google Scholar
Government Printing Office. Economic Recovery Tax Act of 1981 Public Law 97-34, Washington, D.C., August 13, 1981.Google Scholar
Government Printing Office. The Tax Equity and Fiscal Responsibility Act of 1982. H.R. 4961. Washington, D.C., August 19, 1982.Google Scholar
Harl, N. “EFRA, The Tax Equity and Fiscal Responsibility Act of 1982,” Agr. Finance, October 1982: 20–22.Google Scholar
Nixon, C.J. and Richardson, J.W.. “The Economic Recovery Tax Act of 1981: Consequences of Farm Operators.” Agr. Fin. Rev. Vol. 42, U.S. Dept. Agr., Econ. Res. Serv., 1982, pp. 1–8.Google Scholar
Prentice-Hall, Inc. Complete Internal Revenue Code of 1954, 1983 Edition, Englewood Cliffs, N.J., June 1, 1983.Google Scholar
Richardson, J.W. and Condra, G.D.. “Farm Size Evaluation in the El Paso Valley: A Survival/Success Approach.” Amer. J. Agr. Econ., 63(1981):430–437.Google Scholar
Richardson, J.W. and Bailey, D.V.. “Debt Servicing Capacity of Producers in the Lower Gulf Coast,” Texas A&M Univ., Dept. of Agri. Econ., (Mimeo), Nov. 1982.Google Scholar
Richardson, J.W., Nixon, C.J. and Smith, E.G.. “Economic Impacts of the 1981 Agricultural Act and the 1981 Tax Act on Texas High Plains Farmers,” So. J. Agr. Econ. 14 (1982):71–76.Google Scholar
Richardson, J.W., Lemieux, C. M., and Nixon, C.J.. “Entry into Farming: The Effects of Leasing and Leverage on Firm Survival.” So.J. Agr. Econ. 15 (1983): 139–145.Google Scholar