Relationships between burley tobacco marketing practice use and Tennessee producersℓ̓personal and farm characteristics : and their contacts with county Extension Agents

The major purpose of this study was to determine the relationships between burley tobacco marketing practice use and Tennessee burley tobacco producers\u27 personal and farm characteristics and their contacts with Agricultural Extension Agents. Data were obtained through personal interviews by county Extension Agents with 1,358 randomly selected burley tobacco producers in 55 Tennessee counties where burley tobacco production was important. Information was obtained about the general production characteristics of burley tobacco producers, their use of recommended burley tobacco production practices in 1983 and the number of contacts they had with Extension Agents over a 12-month period. The data were coded and punched on computer cards and computations were made by The University of Tennessee Computing Center. One way analysis of variance F-test was used to determine strength and significance of the relationships between the dependent and independent variables. Major findings included the following; 1. Only 12 percent of the burley tobacco producers were college graduates and over 50 percent were part-time farmers. 2. Burley tobacco producers had averaged making 8.1 contacts per year with county Extension Agents. They attended on the average 0.5 tobacco meetings, 1.1 other Extension meetings, made 2.0 visits to the Extension office, made 2.7 telephone calls to the Extension office, and received 1.8 farm visits from county Extension Agents. Seventeen percent of the producers had no contact with Extension Agents. 3. Forty-two percent of the producers had no tobacco land in permanent sod during the previous three years. 4. Forty-three percent of the producers fertilized and limed tobacco land according to a soil test recommendation. 5. Thirty-one percent of the producers applied over 200 pounds of nitrogen per acre. 6. The producers made an average of three grades of burley tobacco. Producers hand tied 40 percent of their tobacco, baled 55 percent of their tobacco, and sheeted 6 percent of their tobacco. 7. Producers with larger allotments and more pounds sold hand tied significantly less tobacco than producers with smaller allotments and fewer pounds sold. Producers with larger allotments and more pounds sold baled and sheeted significantly more tobacco than producers with smaller allotments and fewer pounds sold. 8. Younger producers and producers with more formal education hand tied significantly less tobacco than older producers and producers with less formal education. Younger producers and producers with more formal education baled significantly more tobacco than older producers and producers with less formal education. 9. Producers attending more tobacco meetings, attending more other Extension meetings, making more visits to the Extension office, making more telephone calls to the Extension office, receiving more farm visits and having more total Extension contacts hand tied significantly less tobacco than producers having fewer Extension contacts. Producers attending more tobacco meetings, attending more other Extension meetings, making more visits to the Extension office, making more telephone calls to the Extension office, receiving more farm visits and having more total Extension contacts baled and baled and/or sheeted significantly more tobacco than producers having fewer Extension contacts. Implications and recommendations were also made

Inflation and the User Cost of Capital: Does Inflation Still Matter?

In the late 1970s, many economists argued that the deleterious effects of inflation on the user cost of capital for U.S. firms were large. Since that time, the tax code has changed, the level of inflation has dropped significantly, and the of investment has evolved considerably. In this paper, we demonstrate that the net effect of these changes has--under reasonable assumptions--not relegated inflation to the sidelines. Indeed, we conclude that: (1) inflation, even at its relatively low current rates, continues to increase the user cost of capital significantly; (2) the marginal gain in investment in response to a percentage-point reduction in inflation is larger for lower levels of inflation; (3) the beneficial effects for steady-state consumption of lowering inflation even further than has been achieved to date would likely be significant; and (4) inflation has only a small impact on intratemporal distortion in the allocation of capital within the domestic business sector. We also show that the magnitude of the inflation effect on the user cost of capital is likely much smaller in open economies.

Ensemble Concerts: Music for the Holidays: Jazz Combo I; Student Brass Quintet; Symphony Orchestra and Philharmonia Strings; December 2, 2023

Center for the Performing ArtsDecember 2, 2023Saturday Evening7:00 p.m

Understanding Individual Tax Compliance: Advanced Deductions And Related Issues

We present a realistic, complex, flexible, classroom-friendly tax case study that is designed to be a late semester comprehensive assignment in a student’s federal income tax education.  The assignment could be used as a template when teaching students how to prepare a federal individual income tax return using the actual forms and schedules prepared by the Internal Revenue Service (IRS).  This case is relevant for two reasons: 1) it is contemporary in that it consists of the most recent tax year (2013), and 2) it is highly useful as it comprehensively examines concepts typically covered in the later chapters of a tax text ? most itemized deductions, purchase and sale of a residence, casualty and theft loss, moving expenses, employee business expenses, education tax credits, and investment property ? while only reviewing information found in earlier chapters.  In addition, the case is flexible so that it can be used in future years with only slight modifications for tax law changes

Understanding Individual Tax Compliance: Advanced Deductions And Related Issues

We present a realistic, complex, flexible, classroom-friendly tax case study that is designed to be a late semester comprehensive assignment in a student’s federal income tax education. The assignment could be used as a template when teaching students how to prepare a federal individual income tax return using the actual forms and schedules prepared by the Internal Revenue Service (IRS). This case is relevant for two reasons: 1) it is contemporary in that it consists of the most recent tax year (2013), and 2) it is highly useful as it comprehensively examines concepts typically covered in the later chapters of a tax text − most itemized deductions, purchase and sale of a residence, casualty and theft loss, moving expenses, employee business expenses, education tax credits, and investment property − while only reviewing information found in earlier chapters. In addition, the case is flexible so that it can be used in future years with only slight modifications for tax law changes