The Effect of the Housing Boom on Farm Land Values via Tax-Deferred Exchanges

This project examines Section 1031 of the Internal Revenue Code and agriculture land exchanges. Stakeholders in rural communities and agriculture are particularly interested in Section 1031 because the recent growth in transaction values of farmland may have, in part, been stimulated by Section 1031 land exchanges. Further, although many have speculated that such exchanges are widely used, little empirical research exists about the provision. We examine the theory of exchanges and develop a theoretical premium value for exchanges. We also present the first evidence of like-kind exchanges involving farmland using Federal tax data.Like-Kind Exchange, Capital Gains Tax, Agricultural Land, Land Economics/Use, Public Economics, Q15, H24,

Renormalization of thermal conductivity of disordered d-wave superconductors by impurity-induced local moments

The low-temperature thermal conductivity \kappa_0/T of d-wave superconductors is generally thought to attain a "universal" value independent of disorder at sufficiently low temperatures, providing an important measure of the magnitude of the gap slope near its nodes. We discuss situations in which this inference can break down because of competing order, and quasiparticle localization. Specifically, we study an inhomogeneous BCS mean field model with electronic correlations included via a Hartree approximation for the Hubbard interaction, and show that the suppression of \kappa_0/T by localization effects can be strongly enhanced by magnetic moment formation around potential scatterers.Comment: 2 pages, 1 figure, submitted to M2S-HTSC VIII, Dresden 200

Criticality experiments with planar arrays of three-liter bottles containing plutonium nitrate solution

The objective of these experiments was to provide benchmark data to validate calculational codes used in critically safety assessments of plant configurations. Arrays containing up to as many as sixteen three-liter bottles filled with plutonium nitrate were used in the experiments. A split-table device was used in the final assembly of the arrays. Ths planar arrays were reflected with close fitting plexiglas on each side and on the bottom but not the top surface. The experiments addressed a number of factors effecting criticality: the critical air gap between bottles in an array of fixed number of bottles, the number of bottles required for criticality if the bottles were touching, and the effect on critical array spacing and critical bottle number due to the insertion of an hydrogeneous substance into the air gap between bottles. Each bottle contained about 2.4l of Pu(NO{sub 3}){sub 4} solution at a Pu concentration of 105g Pu/l, with the {sup 240}Pu content being 2.9 wt% at a free acid molarity H{sup +} of 5.1. After the initial series of experiments were performed with bottles separated by air gaps, plexiglas shells of varying thicknesses were placed around each bottle to investigate how moderation between bottles affects both the number of bottles required for criticality and the critical spacing between each bottle. The minimum of bottles required for criticality was found to be 10.9 bottles, occurring for a square array with bottles in contact. As the bottles were spaced apart, the critical number increased. For sixteen bottles in a square array, the critical separation between surfaces in both x and y direction was 0.96 cm. The addition of plexiglas around each bottle decreased the critical bottle number, compared to those separated in air, but the critical bottle number, even with interstitial plastic in place was always greater than 10.9 bottles. The most reactive configuration was a tightly packed array of bottles with no intervening material