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- Title
Machinery Replacement Strategies.
- Authors
Ibendahl, Gregory; Griffin, Terry W.
- Abstract
Farm machinery is typically the second largest asset category on a farm (after land). Farmers often appear to manage their machinery purchases in order to minimize cash flow variability, which usually leads to lower overall taxes. To test this hypothesis, farm income in the current year is compared to the previous two years to determine if farms had a "good" year. Results of a correlation analysis show that there is a strong correlation between having a relatively "good" year and machinery purchases.
- Subjects
REPLACEMENT of industrial equipment; PURCHASE orders; FARM income; CASH flow; STATISTICAL correlation; AGRICULTURAL equipment
- Publication
Journal of the American Society of Farm Managers & Rural Appraisers, 2021, p55
- ISSN
0003-116X
- Publication type
Article