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Title:Intergenerational Successionon Family Farms: Evidence from Survey Data PDF Logo
Authors:Glauben, Thomas
Tietje, Hendrik
Weiss, Christoph R.
Issue Date:2002
Series/Report no.:FE Workingpaper / Universität Kiel, Department of Food Economics and Consumption Studies 0202
Abstract:This study examines family farms and characteristics affecting farm succession. Based on a farm survey, three aspects of succession are analysed in the paper: the probability of family succession; the likelihood of having a successor designated; and the timing of succession. Large and specialised farms are more likely to be transferred within the family and to have appointed a successor. The number of family members, as well as the experience of farm operator, is also significantly related to the succession behaviour. The probabilities of succession, and of having a successor, first increase with age and then decline again. Furthermore, timing of succession is delayed as the farm holder ages, suggesting most farm operators? succession plans to be inconsistent over time. In addition, we find a significant interrelationship between the different aspects of succession indicating that decisions on family succession, the designation of a successor, as well as the timing of succession, are not separable.
Subjects:farm succession
survey data
econometric analysis
Document Type:Working Paper
Appears in Collections:FE Working Papers, Department of Food Economics and Consumption Studies, CAU Kiel

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