Effect of IRC Code 1031 on Texas Agricultural Land Price

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dc.creatorPark, Beam Su
dc.creatorRichardson, James W.
dc.creatorGilliland, Charles J.
dc.date2017-04-01T19:21:01Z
dc.date.accessioned2026-07-09T05:24:09Z
dc.descriptionIn 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.
dc.identifierdoi:10.22004/ag.econ.96376
dc.identifierhttps://ageconsearch.umn.edu/record/96376/files/324_Richardson.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/96376
dc.identifier.urihttp://hdl.handle.net/123456789/563196
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/96376
dc.titleEffect of IRC Code 1031 on Texas Agricultural Land Price
dc.typeText

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University of Minnesota