English, Article edition: U.S. macroeconomic and tax policy: impacts on U.S. farm operations Ted Covey; Ron Durst; Jim Ryan

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Physical Description
  • article
Language
  • English

Edition details

Title
  • U.S. macroeconomic and tax policy: impacts on U.S. farm operations
Author
  • Ted Covey
  • Ron Durst
  • Jim Ryan
Physical Description
  • article
Notes
  • Agricultural economists have generally concluded that macroeconomic and tax policy matters regarding the financial wellbeing of U.S. farm operations. Farm operations react more quickly and with greater response to both anticipated and unanticipated macroeconomic policy changes than do the commercial business operations, sometimes resulting in overshooting in the agricultural economy. In the early 1980s, the Federal Reserve’s disinflationary policy and large federal budget deficits had disproportionately large effects on real agricultural interest rates. This paper concludes with a presentation of numerous potential researchable issues regarding macroeconomic and tax policy’s impact on farm financial well-being.
  • Net farm income, Net worth, Policy Ineffectiveness Theorem, Value added
  • RePEc:eme:afrpps:v:65:y:2005:i:2:p:149-163
Language
  • English
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