Investment Warning: Farming May Endanger Your Financial Health

Hoy F. Carman

from ARE Update Vol. 19, No. 2, Nov/Dec, 2015

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Abstract

During the last 15 years, some two-thirds of individual taxpayers with farm income have reported total net farm losses averaging over $11.1 billion annually. In addition, the U.S. Government participates in funding these losses by foregoing taxes on other sources of income from which farm losses are deducted. Persistent losses indicate that farming may have changed from an investment to a consumption good for many individual taxpayers.

Keywords

Farm Income, Taxes, losses, Profits, Depreciation

Citation

Hoy F. Carman. "Investment Warning: Farming May Endanger Your Financial Health." ARE Update 19(2)(2015):5-8. University of California Giannini Foundation of Agricultural Economics.
http://giannini.ucop.edu/publications/are-update/issues/2015/19/2/investment-warning-farmin/