Farm Succession and Retirement: Some International Comparisons

The increasing age of farmers and the reluctance to transfer management from the owning generation to the successor generation has been well documented by several studies. In this article we review the literature relating to the succession of farm businesses. Drawing on data from the international F...

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Bibliographic Details
Published in:Journal of Agriculture, Food Systems, and Community Development
Main Authors: Matt Lobley, John R. Baker, Ian Whitehead
Format: Article
Language:English
Published: Lyson Center for Civic Agriculture and Food Systems 2016-10-01
Subjects:
Farm Transfers
Intergenerational Succession
Retirement
Retirement Age
Successor Effect
Succession Ladder
Online Access:https://www.foodsystemsjournal.org/index.php/fsj/article/view/10
Description
Summary:The increasing age of farmers and the reluctance to transfer management from the owning generation to the successor generation has been well documented by several studies. In this article we review the literature relating to the succession of farm businesses. Drawing on data from the international FARMTRANSFERS project, we explore attitudes toward retirement and also rates and patterns of succession in several contrasting countries and states in the United States. Lastly, we discuss the implications of the research and provide recommendations for public policies that would enhance the opportunities for successors to succeed in the continuation of the farm family business.
ISSN:2152-0801

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