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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
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    File URL: http://purl.umn.edu/103231
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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.

    More about this item

    Keywords

    Family Farms; Intergenerational Transfer; Family Farm Succession; Consumer/Household Economics; Farm Management; Q10; Q12;

    JEL classification:

    • Q10 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - General
    • Q12 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets

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