IDEAS home Printed from https://ideas.repec.org/p/ags/aaea04/20067.html
   My bibliography  Save this paper

Sussession In Agriculture: A Probit And Competing Risk Analysis

Author

Listed:
  • Glauben, Thomas
  • Tietje, Hendrik
  • Weiss, Christoph R.

Abstract

The present study examines family and farm characteristics affecting the choice and the timing of intergenerational farm transfers. Using survey data which are linked to accounting data for 272 farms in Northern Germany, we use a probit approach to examine whether specific farm and family characteristics are related to the likelihood of succession within a given period. We go beyond the existing literature by applying a competing risk approach to study the process and thus the timing, respectively of the two competing events succession or exit from farming. We find that farm characteristics significantly influence succession considerations to the extent that they affect the value of the farm for the potential successor.

Suggested Citation

  • Glauben, Thomas & Tietje, Hendrik & Weiss, Christoph R., 2004. "Sussession In Agriculture: A Probit And Competing Risk Analysis," 2004 Annual meeting, August 1-4, Denver, CO 20067, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea04:20067
    DOI: 10.22004/ag.econ.20067
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/20067/files/sp04gl03.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.20067?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Pesquin, Claudio & Kimhi, Ayal & Kislev, Yoav, 1999. "Old Age Security and Inter-Generational Transfer of Family Farms," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 26(1), pages 19-37, March.
    2. Alfred M. Stiglbauer & Christoph R. Weiss, 2000. "Family and Non-Family Succession in the Upper-Austrian Farm Sector," Cahiers d'Economie et Sociologie Rurales, INRA Department of Economics, vol. 54, pages 5-26.
    3. Miljkovic, Dragan, 2000. "Optimal timing in the problem of family farm transfer from parent to child: an option value approach," Journal of Development Economics, Elsevier, vol. 61(2), pages 543-552, April.
    4. Mike Burkart & Fausto Panunzi & Andrei Shleifer, 2003. "Family Firms," Journal of Finance, American Finance Association, vol. 58(5), pages 2167-2201, October.
    5. David N. Laband & Bernard F. Lentz, 1983. "Occupational Inheritance in Agriculture," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(2), pages 311-314.
    6. Glauben, Thomas & Tietje, Hendrik & Weiss, Christoph R., 2002. "Intergenerational Succession on Family Farms: Evidence from Survey Data," 2002 International Congress, August 28-31, 2002, Zaragoza, Spain 24918, European Association of Agricultural Economists.
    7. Kimhi, Ayal & Lopez, Ramon, 1995. "Retirement and Succession Considerations of Maryland Farmers: Preliminary Evidence from a Household Survey," Working Papers 197819, University of Maryland, Department of Agricultural and Resource Economics.
    8. Ayal Kimhi, 1994. "Optimal Timing of Farm Transferal From Parent to Child," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 76(2), pages 228-236.
    9. Mark R. Rosenzweig & Kenneth I. Wolpin, 1985. "Specific Experience, Household Structure, and Intergenerational Transfers: Farm Family Land and Labor Arrangements in Developing Countries," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 100(Supplemen), pages 961-987.
    10. Mishra, Ashok K. & El-Osta, Hisham S. & Johnson, James D., 2004. "Succession In Family Farm Business: Empirical Evidence From The U.S. Farm Sector," 2004 Annual meeting, August 1-4, Denver, CO 20114, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    11. Bernard F. Lentz & David N. Laband, 1990. "Entrepreneurial Success and Occupational Inheritance among Proprietors," Canadian Journal of Economics, Canadian Economics Association, vol. 23(3), pages 563-579, August.
    12. Ayal Kimhi & Noga Nachlieli, 2001. "Intergenerational Succession on Israeli Family Farms," Journal of Agricultural Economics, Wiley Blackwell, vol. 52(2), pages 42-58, May.
    13. Liam Kennedy, 1991. "Farm succession in modern Ireland: elements of a theory of inheritance," Economic History Review, Economic History Society, vol. 44(3), pages 477-499, August.
    14. Pfeffer, Max J, 1989. "Part-time Farming and the Stability of Family Farms in the Federal Republic of Germany," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 16(4), pages 425-444.
    15. Fred Neubauer & Alden G. Lank, 1998. "The Family Business," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-14465-5.
    16. Mario Cleves & William W. Gould & Roberto G. Gutierrez & Yulia Marchenko, 2010. "An Introduction to Survival Analysis Using Stata," Stata Press books, StataCorp LP, edition 3, number saus3, March.
    17. Mr. Ralph Chami, 2001. "What is Different About Family Businesses?," IMF Working Papers 2001/070, International Monetary Fund.
    18. Maria Dolores Montoya Diaz, 1999. "Extended stay at university: an application of multinomial logit and duration models," Applied Economics, Taylor & Francis Journals, vol. 31(11), pages 1411-1422.
    19. Ayal Kimhi & Ramon Lopez, 1999. "A Note on Farmers' Retirement and Succession Considerations: Evidence from a Household Survey," Journal of Agricultural Economics, Wiley Blackwell, vol. 50(1), pages 154-162, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Glauben, Thomas & Tietje, Hendrik & Weiss, Christoph R., 2005. "Analysing Family Farm Succession: A Probit and a Competing Risk Approach," 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark 24699, European Association of Agricultural Economists.
    2. Glauben, Thomas & Tietje, Hendrik & Weiss, Christoph R., 2002. "Intergenerational Successionon Family Farms: Evidence from Survey Data," FE Working Papers 0202, Christian-Albrechts-University of Kiel, Department of Food Economics and Consumption Studies.
    3. Simeone, Mariarosaria, 2005. "The Generational Turnover in Agriculture: Theoretical Problems and Empirical Evidences," 94th Seminar, April 9-10, 2005, Ashford, UK 24434, European Association of Agricultural Economists.
    4. Glauben, Thomas & Tietje, Hendrik & Weiss, Christoph R., 2002. "Farm Succession Plans And Actual Behaviour: Evidence From A Household Survey And Census Data," 2002 Annual meeting, July 28-31, Long Beach, CA 19691, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    5. Alfred M. Stiglbauer & Christoph R. Weiss, 2000. "Family and Non-Family Succession in the Upper-Austrian Farm Sector," Cahiers d'Economie et Sociologie Rurales, INRA Department of Economics, vol. 54, pages 5-26.
    6. Boštjan KERBLER, 2012. "Factors affecting farm succession: the case of Slovenia," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 58(6), pages 285-298.
    7. Tietje, Hendrik, 2003. "Hofnachfolgesituation in Deutschland: Eine empirische Analyse von Querschnittsdaten auf Kreisebene," FE Working Papers 0301, Christian-Albrechts-University of Kiel, Department of Food Economics and Consumption Studies.
    8. Carillo, Felicetta & Carillo, Maria Rosaria & Venittelli, Tiziana & Zazzaro, Alberto, 2013. "Aging and succession on Italian farms," Politica Agricola Internazionale - International Agricultural Policy, Edizioni L'Informatore Agrario, vol. 2013(1), March.
    9. Vare, Minna & Weiss, Christoph R. & Pietola, Kyosti, 2005. "Should One Trust a Farmer's Succession Plan? Empirical Evidence on the Intention-Behaviour Discrepancy from Finland," 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark 24622, European Association of Agricultural Economists.
    10. Ashok Mishra & Hisham El-Osta, 2008. "Effect of agricultural policy on succession decisions of farm households," Review of Economics of the Household, Springer, vol. 6(3), pages 285-307, September.
    11. Vare, Minna, 2005. "Spousal Effect and Timing of Farmers' Early Retirement Decisions," 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark 24696, European Association of Agricultural Economists.
    12. Dudek, Michał, 2016. "A matter of family? An analysis of determinants of farm succession in Polish agriculture," Studies in Agricultural Economics, Research Institute for Agricultural Economics, vol. 118(2), pages 1-7, August.
    13. Hung-Hao Chang, 2013. "Old Farmer Pension Program and Farm Succession: Evidence from a Population-Based Survey of Farm Households in Taiwan," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 95(4), pages 976-991.
    14. Miljkovic, Dragan, 2000. "Optimal timing in the problem of family farm transfer from parent to child: an option value approach," Journal of Development Economics, Elsevier, vol. 61(2), pages 543-552, April.
    15. Ayal Kimhi & Ramon Lopez, 1999. "A Note on Farmers' Retirement and Succession Considerations: Evidence from a Household Survey," Journal of Agricultural Economics, Wiley Blackwell, vol. 50(1), pages 154-162, January.
    16. Vare, Minna, 2005. "Timing of the Early Retirement Decisions of Farming Couples," 94th Seminar, April 9-10, 2005, Ashford, UK 24412, European Association of Agricultural Economists.
    17. Chi Su & Richard A. Schoney & James F. Nolan, 2023. "Buy, sell or rent the farm: succession planning and the future of farming on the Great Plains," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 18(3), pages 627-669, July.
    18. Chacattrai Rayasawath, 2018. "Factors Affecting the Household Succession in Agricultural Occupation in Nakhon Ratchasima Province, Thailand," Agriculture, MDPI, vol. 8(7), pages 1-14, July.
    19. Miles Corak & Patrizio Piraino, 2011. "The Intergenerational Transmission of Employers," Journal of Labor Economics, University of Chicago Press, vol. 29(1), pages 37-68, January.
    20. Madior Fall & Muriel Roger, 2008. "L’impact de la réforme de 1990 sur les décisions de départ à la retraite des exploitants agricoles français," Review of Agricultural and Environmental Studies - Revue d'Etudes en Agriculture et Environnement, INRA Department of Economics, vol. 89(4), pages 29-53.

    More about this item

    Keywords

    Farm Management;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:aaea04:20067. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/aaeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.