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Parental Motivation in Family Farm Intergenerational Transfers

Author

Listed:
  • Lange, Kelly Y.
  • Johnson, Jeffrey W.
  • Johnson, Phillip N.
  • Hudson, Darren
  • Belasco, Eric J.

Abstract

An intergenerational transfer model incorporating both altruism and exchange is presented for family farm transfers. A simulation study is conducted to test parental motivation in intergenerational transfers of family farm businesses. Results indicated that family farm intergenerational transfers are altruistically motivated.

Suggested Citation

  • Lange, Kelly Y. & Johnson, Jeffrey W. & Johnson, Phillip N. & Hudson, Darren & Belasco, Eric J., 2011. "Parental Motivation in Family Farm Intergenerational Transfers," 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania 103231, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaea11:103231
    DOI: 10.22004/ag.econ.103231
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    References listed on IDEAS

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    1. Becker, Gary S, 1974. "A Theory of Social Interactions," Journal of Political Economy, University of Chicago Press, vol. 82(6), pages 1063-1093, Nov.-Dec..
    2. Barro, Robert J, 1974. "Are Government Bonds Net Wealth?," Journal of Political Economy, University of Chicago Press, vol. 82(6), pages 1095-1117, Nov.-Dec..
    3. Bernheim, B Douglas & Shleifer, Andrei & Summers, Lawrence H, 1986. "The Strategic Bequest Motive," Journal of Labor Economics, University of Chicago Press, vol. 4(3), pages 151-182, July.
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    Cited by:

    1. Foltz, Renee D. & Marshall, Maria I., 2012. "Family Business Decision-Making: Factors and Influences on Choosing a Successor," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124272, Agricultural and Applied Economics Association.
    2. Edobor, Edeoba W. & Wiatt, Renee D. & Marshall, Maria I., 2021. "Keeping the farm business in the family: the case of farm and non-farm family businesses in the midwestern United States," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 24(6), February.

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    Keywords

    Consumer/Household Economics; Farm Management;

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