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Agricultural economists have generally concluded that macroeconomic and tax policy matters regarding the financial wellbeing of U.S. farm operations. Farm operations react more quickly and with greater response to both anticipated and unanticipated macroeconomic policy changes than do the commercial business operations, sometimes resulting in overshooting in the agricultural economy. In the early 1980s, the Federal Reserve’s disinflationary policy and large federal budget deficits had disproportionately large effects on real agricultural interest rates. This paper concludes with a presentation of numerous potential researchable issues regarding macroeconomic and tax policy’s impact on farm financial well‐being.

The purpose of this paper is to examine the use of Section 1031 of the Internal Revenue Code (IRC), a piece of US tax law that allows for tax‐deferred exchanges of like‐kind property.

The paper derives a theoretical premium value for exchanges and presents the first national level analysis of Federal tax data on the use of like‐kind exchanges involving farmland between 1999 and 2005.

There is significant interest in Section 1031 from stakeholders in rural communities because there is widespread belief that the recent growth in farmland values may have, in part, been stimulated by Section 1031 exchanges of farmland. Despite these concerns, little is known about the extent of such exchanges.

This paper provides insight into the value and use of the IRC's Section 1031 provision. Based on simulations of a theoretical model using plausible assumptions about asset growth, the paper shows how proposed tax changes will affect the tax value of the deferral.

Chapter 12 bankruptcy filing rates from 1986 to 2001 are compared with farm bankruptcy rates from 1898 1979. Data are also presented on Chapter 12 discharge rates. Although Chapter 12 filings are reorganizations and exclude liquidations, Chapter 12 filings per farm in the 1990s exceeded filing rates in earlier decades with comparable economic conditions. Higher proportions of Chapter 12 cases filed in the 1990s failed to receive discharges than Chapter 12 cases filed in the late 1980s. This finding may indicate more debt restructurings are taking place outside of Chapter 12 and that a higher proportion of filings are “hard cases.”

The study aims at investigating the impact of organizational learning (OL) on the firm’s performance and knowledge management (KM) practices in a heavy engineering organization in India.

The data were collected from 205 middle and senior executives working in the project engineering management division of a heavy engineering public sector organization. The organization manufactures power generation equipment. Questionnaires were administered to collect the data from the respondents.

Results were analyzed using the exploratory factor analysis and multiple regression analysis techniques. The findings showed that all the factors of OL, i.e. collaboration and team working, performance management, autonomy and freedom, reward and recognition and achievement orientation were found to be the positive predictors of different dimensions of firm’s performance and KM practices.

The implications are discussed to improve the OL culture to enhance the KM practices so that firm’s performance could be sustained financially or otherwise. The study is conducted in one division of a large public organization, hence generalizability is limited.

This is an original study carried out in a large a heavy engineering organization in India that validates the theory of OL and KM in the Indian context.