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Farm Succession and Retirement: Some International Comparisons

by Matt Lobley,a John R. Baker,b and Ian Whiteheadc

http://dx.doi.org/10.5304/jafscd.2010.011.009, pp. 49–64

 

Abstract

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.

 

Keywords: Farm transfers, intergenerational succession, retirement; retirement age, successor effect, succession ladder

 

a Centre for Rural Policy Research, Department of Politics, University of Exeter, Amory Building, Rennes Drive, Exeter, UK. EX4 4RJ;  This e-mail address is being protected from spambots. You need JavaScript enabled to view it. ; +44 (0)1392 264539 (corresponding author)
b Beginning Farmer Center, Iowa State University, 10861 Douglas Avenue, Suite B, Urbandale, Iowa, 50167; This e-mail address is being protected from spambots. You need JavaScript enabled to view it. ; +1-515-677-2445
c School of Geography, Earth and Environmental Sciences, University of Plymouth, Drake Circus, Plymouth, UK. PL4 8AA:  This e-mail address is being protected from spambots. You need JavaScript enabled to view it. ; +44 (0)1752 585913
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Banner photos include a Cape Cod cranberry bog; a cranberry “screen house” used to grade fresh cranberries; farmland near Lake Placid, NY, in the Adirondack Mountains; Montmorency cherry trees on the Mission Peninsula of northern Michigan; the historic Round Barn in the South Mountain Apple Belt of Adams County, Pennsylvania; the “Sea of Grapes” district of the Lake Erie Concord Grape Belt, near Erie, Penn; a field of cabbages near Shortsville, NY, home to one of the world’s largest sauerkraut factories. All photos copyright by Duncan Hilchey.

 

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