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Effects of the 1986 Tax Reform Act on Grain Marketing Decisions: A Case Study of Winter Wheat Producers

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  • Tronstad, Russell
  • Taylor, C. Robert

Abstract

Dynamic programming is utilized to derive an optimal monthly cash grain marketing decision rule for years before and after the 1986 Tax Reform Act. State variables of grain price, storage, and before-tax income were considered in this analysis. Results indicate changes in optimal marketing decisions for different tax years.

Suggested Citation

  • Tronstad, Russell & Taylor, C. Robert, 1988. "Effects of the 1986 Tax Reform Act on Grain Marketing Decisions: A Case Study of Winter Wheat Producers," 1988 Annual Meeting, August 1-3, Knoxville, Tennessee 270323, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea88:270323
    DOI: 10.22004/ag.econ.270323
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    References listed on IDEAS

    as
    1. Granger, C. W. J. & Newbold, Paul, 1986. "Forecasting Economic Time Series," Elsevier Monographs, Elsevier, edition 2, number 9780122951831 edited by Shell, Karl.
    2. Taylor, C. Robert, 1984. "A Flexible Method For Empirically Estimating Probability Functions," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 9(1), pages 1-11, July.
    3. Burt, Oscar R., 1982. "Dynamic Programming: Has Its Day Arrived?," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 7(2), pages 1-14, December.
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