The role of federal credit and tax policy in agriculture
Credit and tax policies fueked overinvestment in the farm sector during the 1970's, contributing to the farm debt crisis of the 1980's. The resulting caution of farmers and lenders toward debt-financed investment should reduce the influence of credit policies on agricultural production in the 1990's. However, recent legislative actions may have polarized the distinction between creditworthy barrowers and marginal farm operators, making affortdable credit more difficult for the latter to obtain. Tax reform has greatly reduced the role of Federal taxes in investmen
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| Main Authors: | , , |
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| Format: | Texto biblioteca |
| Language: | eng |
| Published: |
Washington, D.C. (EUA)
1989
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| Summary: | Credit and tax policies fueked overinvestment in the farm sector during the 1970's, contributing to the farm debt crisis of the 1980's. The resulting caution of farmers and lenders toward debt-financed investment should reduce the influence of credit policies on agricultural production in the 1990's. However, recent legislative actions may have polarized the distinction between creditworthy barrowers and marginal farm operators, making affortdable credit more difficult for the latter to obtain. Tax reform has greatly reduced the role of Federal taxes in investmen |
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