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The succession effect within management decisions of family farms AgEcon
Calus, Mieke; Van Huylenbroeck, Guido.
The preparation of the farm transfer or farm exit is a process that starts in the consolidation stage of the farm life cycle. In this stage, the decision to transfer the farm or not is taken and the farm management is adapted to this decision. The objective of this paper is to model the succession effect on farm management. The results show that the succession effect plays a role from the age of 45. An early designation of the successor gives an incentive to invest and to improve the management.
Tipo: Conference Paper or Presentation Palavras-chave: Farm transfer; Succussor; Farm life cycle; Farm Management.
Ano: 2008 URL: http://purl.umn.edu/44131
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Succession Decisions in U.S. Family Farm Businesses AgEcon
Mishra, Ashok K.; El-Osta, Hisham S.; Shaik, Saleem.
Farm transfer or succession by the “next generation” holds a place of central importance in the determination of industry structure and total number of farmers and has profound implications for farm families. The family farm sector relies heavily on intergenerational succession. Succession and retirement are linked and reflective of the life cycles of the farm household and the farm business. A large farm-level data set and a logistic regression model were used to examine the determinants of farm succession decisions in the United States, with special emphasis given to the treatment of endogenous wealth and farm size variables. Results point to the importance of farmer’s age, educational attainment of farm operators, off-farm work by the operator or...
Tipo: Journal Article Palavras-chave: Education; Endogeneity; Farm household wealth; Farm transfer; Household income; Intergenerational succession; Life cycle; Logit model; Off-farm work; Farm Management; Labor and Human Capital.
Ano: 2010 URL: http://purl.umn.edu/61055
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Timing of the Early Retirement Decisions of Farming Couples AgEcon
Vare, Minna.
The retirement decisions of individuals are strongly influenced by spousal retirement, financial incentives and institutional constraints such as access to early retirement benefits. In the European Union (EU), farm retirement is encouraged by early retirement provisions for farmers. As exit from farming determines the characteristics of structural change in agriculture, it is important to find out how spousal retirement and economic incentives affect the timing and type of retirement decisions among elderly farmers. This paper analyses the timing of early retirement decisions of farming couples using duration analysis and different exit channels. The empirical analysis is based on Finnish farm-level panel data for the period 1993-1998. The results suggest...
Tipo: Conference Paper or Presentation Palavras-chave: Duration; Early retirement; Farming couple; Farm transfer; Succession; Farm Management.
Ano: 2005 URL: http://purl.umn.edu/24412
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