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Handing Over the Reins: A Comparative Study of Intergenerational Farm Transfers in England, France and Canada

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  • Errington, Andrew

Abstract

One of the most critical stages in the development of any family business is the transfer of its ownership and control to the next generation. However, the process by which this transfer is achieved in farming has been one of the least-researched facets of farm business management. This paper draws on an on-going research project which seeks to remedy this omission. Comparable data for a total of 3,500 farms in England, France and Canada has been analysed to provide a portrait of the main features of the process in which the older generation retires from the farm while the younger generation takes over its ownership and management. The paper begins by defining the three distinct, but interrelated, processes of inheritance, succession and retirement. Focusing on the process of succession, it briefly summarises some of the main similarities and differences in current practice among farm families in the three countries. Having presented a typology of patterns of farming succession based on a review of the literature, the paper goes on to modify this in the light of findings from the more recent surveys.

Suggested Citation

  • Errington, Andrew, 2002. "Handing Over the Reins: A Comparative Study of Intergenerational Farm Transfers in England, France and Canada," 2002 International Congress, August 28-31, 2002, Zaragoza, Spain 24905, European Association of Agricultural Economists.
    • Handle: RePEc:ags:eaae02:24905
    DOI: 10.22004/ag.econ.24905
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    References listed on IDEAS

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    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. 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.
    3. Errington, Andrew, 1986. "The delegation of decisions on the farm," Agricultural Systems, Elsevier, vol. 19(4), pages 299-317.
    4. Abrahams,Ray, 1991. "A Place of their Own," Cambridge Books, Cambridge University Press, number 9780521381000.
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    Citations

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    Cited by:

    1. Viira, Ants-Hannes & Pöder, Anne & Värnik, Rando, 2013. "The Determinants of Farm Growth, Decline and Exit in Estonia," German Journal of Agricultural Economics, Humboldt-Universitaet zu Berlin, Department for Agricultural Economics, vol. 62(01), pages 1-13, February.
    2. Viira, Ants-Hannes & Pöder, Anne & Värnik, Rando, 2013. "The Determinants of Farm Growth, Decline and Exit in Estonia," Journal of International Agricultural Trade and Development, Journal of International Agricultural Trade and Development, vol. 62(1).
    3. 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.
    4. Uchiyama, Tomohiro & Lobley, Matt & Errington, Andrew & Yanagimura, Shunsuke, 2008. "Dimensions of Intergenerational Farm Business Transfers in Canada, England, the USA and Japan," Japanese Journal of Agricultural Economics (formerly Japanese Journal of Rural Economics), Agricultural Economics Society of Japan (AESJ), vol. 10, pages 1-16.
    5. 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.
    6. Zagata Lukas & Lošťák Michal & Swain Nigel, 2019. "Family Farm Succession of the First Post-Socialist Generation in the Czech Republic," Eastern European Countryside, Sciendo, vol. 25(1), pages 9-35, December.
    7. Thia C. Hennessy & Tahir Rehman, 2007. "An Investigation into Factors Affecting the Occupational Choices of Nominated Farm Heirs in Ireland," Journal of Agricultural Economics, Wiley Blackwell, vol. 58(1), pages 61-75, February.
    8. 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.
    9. Banovic, Marija & Duesberg, Stefanie & Renwick, Alan & Keane, Mark & Bogue, Pat, 2015. "The Field: Land mobility measures as seen through the eyes of Irish farmers," 89th Annual Conference, April 13-15, 2015, Warwick University, Coventry, UK 204200, Agricultural Economics Society.
    10. 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.
    11. Minna Väre, 2006. "Spousal Effect and Timing of Retirement," Journal of Agricultural Economics, Wiley Blackwell, vol. 57(1), pages 65-80, March.
    12. Väre, Minna & Heshmati, Almas, 2004. "Perspectives on the Early Retirement Decisions of Farming Couples," IZA Discussion Papers 1342, Institute of Labor Economics (IZA).

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