AN EVALUATION OF THE IMPACT OF ALTERNATIVE TAX POLICIES ON THE PROFITABILITY OF INVESTMENTS IN WHEAT, CORN AND SOYBEAN PRODUCTION - AN INTERNATIONAL COMPARISON

The objective of this study is to analyze the relative impact that the tax policies of several important agriculture producing countries have on the profitability of investment in this sector. Agricultural products constitute some of the most widely traded commodities in existence today and compete internationally in organized competitive markets. At the same time, the agriculture sector in most countries is subject to a wide range of taxes, subsidies and regulations that influence both production costs and the prices producers need to receive before they are willing to sell abroad. In this study three of the most important agricultural commodities produced by the U.S. are compared with its treatment in a number of the principal countries producing agriculture goods, namely, Argentina, Australia, Brazil and Canada.