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| Ibendahl, Gregory A.; Norvell, Jonathan. |
| The last several years have seen tax law changes that provide accelerated depreciation for farmers. Accelerated depreciation laws seem to be designed to help stimulate the economy by encouraging farmers to purchase more machinery and to replace machinery more often. Farmers do benefit because lower taxes this year are probably better than lower taxes in future years (as long as marginal tax rates are the same). Less clear, however, is whether farmers should actually replace machinery more frequently. In other words, is the optimal lifespan of an asset reduced due to new. This paper tests for the optimal replacement age under conventional and accelerated deprecation laws and finds that accelerated deprecation laws appear to help farmers. However, the... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Farm Management. |
| Ano: 2007 |
URL: http://purl.umn.edu/34873 |
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| Noland, Kevin; Norvell, Jonathan; Paulson, Nicholas D.; Schnitkey, Gary D.. |
| The recent financial crisis has renewed interest in alternative asset classes such as farmland. Previous work has shown that farmland may provide expected return premiums while adding little additional risk to a diversified portfolio. However, these studies have been based on relatively short time periods and aggregated data on farmland returns. This analysis contributes to this literature using farm-level data from the University of Illinois endowment farms, providing additional evidence that farmland could play a favorable role within an investment portfolio. The implications of these results extend to the use of farmland within general investment portfolios. |
| Tipo: Article |
Palavras-chave: Agricultural Finance. |
| Ano: 2011 |
URL: http://purl.umn.edu/118962 |
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