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Income Tax Aspects of Liquidation in Multiperiod Linear Growth Models

Published online by Cambridge University Press:  28 April 2015

Donald W. Reid ,
Wesley N. Musser  and
Neil R. Martin Jr.
Donald W. Reid
Affiliation:
University of Kentucky and University of Georgia
Wesley N. Musser
Affiliation:
University of Georgia
Neil R. Martin Jr.
Affiliation:
Auburn University
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Extract

Since the mid-1960s, agricultural economists have given much attention to research on farm-firm growth. One procedure used in this type of research has been multiperiod linear programming models, e.g. [1, 6, 9, 11, 14, 17]. Several researchers using the multiperiod linear programming framework have compared optimizing criteria. Generally, comparisons were made between maximizing some type of present value criterion and maximizing net worth at the end of the planning horizon. The different assumptions associated with the two maximizing criteria have resulted in different optimal growth patterns.

Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 10 , Issue 2 , December 1978 , pp. 29 - 34
Copyright
Copyright © Southern Agricultural Economics Association 1978

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