Effect of IRC Code 1031 on Texas Agricultural Land Price
Resource information
Date of publication
Décembre 2010
Resource Language
ISBN / Resource ID
AGRIS:US2016203288
In this paper, we examine the effectof Section 1031 tax deferredpayment on Texas agricultural landprice. To analyze the effects, weestimate the market equilibriumprice function using the dynamicpanel model and Texas agriculturalland sales for 1965-2007. We arguethat Section 1031 increases bothdemand and supply of agriculturalland by its tax reducing effect. Ourempirical estimation shows thatSection 1031 decreases the marketprice which means the supply curveshifted to the right more than thedemand curve.
