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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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ASSESSING THE RESPONSE OF FARM HOUSEHOLDS TO DAIRY POLICY REFORM IN ISRAEL AgEcon
Kimhi, Ayal; Rubin, Ofir D..
After nearly fifty years of stability and stagnation of dairy market regulations in Israel, a dramatic policy reform has been enacted in 1999. The reform enabled farm households, for the first time, to trade production quotas. In addition, the reform signaled to farmers that milk prices will gradually go down in real terms, and therefore only producers who expand and become more efficient will prevail. The reform allowed for generous financial support for investment in expansion, but also required the adoption of environmental regulations which could be costly to many farm families. This paper uses data from a census of small family-operated dairy enterprises that was conducted in 2001, in order to analyze the response of farm households to the reform. The...
Tipo: Working or Discussion Paper Palavras-chave: Milk policy reform; Technology adoption; Intergenerational succession; Agricultural and Food Policy; Livestock Production/Industries.
Ano: 2006 URL: http://purl.umn.edu/7134
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