Effect of IRC Code 1031 on Texas Agricultural Land Price

In this paper, we examine the effect of Section 1031 tax deferred payment on Texas agricultural land price. To analyze the effects, we estimate the market equilibrium price function using the dynamic panel model and Texas agricultural land sales for 1965-2007. We argue that Section 1031 increases both demand and supply of agricultural land by its tax reducing effect. Our empirical estimation shows that Section 1031 decreases the market price which means the supply curve shifted to the right more than the demand curve.


Issue Date:
2010
Publication Type:
Journal Article
Record Identifier:
http://ageconsearch.umn.edu/record/96376
PURL Identifier:
http://purl.umn.edu/96376
Published in:
Journal of the ASFMRA (American Society of Farm Managers and Rural Appraisers), 2010
Page range:
114-129
Total Pages:
16




 Record created 2017-04-01, last modified 2018-01-22

Fulltext:
Download fulltext
PDF

Rate this document:

Rate this document:
1
2
3
 
(Not yet reviewed)