Tax Policies and the Financially Constrained Farm Household

Robert G. Chambers and Ramon Lopez

American Journal of Agricultural Economics, 1987, vol. 69, issue 2, 369-377

Abstract: This article analyzes the implications of income, profit, and consumption taxes on the economic decisions of financially constrained farm households within a dynamic intertemporal framework. The most important results are that replacing a profits tax with a consumption tax would lead to increases in on-farm work, farm income, and farm production in the short run. Capital accumulation would be enhanced leading to similar effects in the long run. If an income tax is replaced with a consumption tax, similar expansive effects would occur in the intermediate and long run, but in the short run there would be no effect on farm production.

Date: 1987
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:69:y:1987:i:2:p:369-377.

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