I have not followed agriculture closely since my 1977 book on the subject.
Agricultural statistics must be taken with a grain of salt. Farmers commonly
will write off expenses, such as gasoline, that can be used for their own
personal consumption. Also, in many branches of agriculture, farmers ar
Well yes, there's data and then there's good data and the BEA utilizes
offsets so that changes in depreciation figures triggered by tax credits are
zeroed out of the profit sum.
In addition, the BEA and other sub-groups of the Dept. of Commerce report
corporate profits before and after taxes, with
I wrote previously:
"depreciation schedules implemented are crucial for the amount of
distributed and undistributed profits.""
Yesterday I was looking at the most recent detailed US IRD and NIPA data,
which I hadn't done before, and I noticed this fact is actually acknowledged
in the NIPA calcula
