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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
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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

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References

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