The Impacts of the Tax-Deferred Exchange Provision on Farm Real Estate Values

John G. Dillard, Todd Kuethe (), Craig Dobbins (), Michael Boehlje and Raymond Florax

Land Economics, 2013, vol. 89, issue 3

Abstract: This study examines the effects of the Section 1031 tax-deferred exchange provision on agricultural land values. The provision allows taxpayers to defer taxation for relinquished productive assets if a like-kind asset is acquired within the allotted time of 180 days. The analysis examines a set of 3,580 farm real estate transaction from 55 agricultural counties in Indiana over the period 2003–2006. Hedonic price analysis suggests that properties acquired under a like-kind exchange are associated with a 1.32% price premium.

JEL-codes: H23 Q15 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (9)

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