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The succession effect within management decisions of family farms

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  • Calus, Mieke
  • Van Huylenbroeck, Guido

Abstract

The preparation of the farm transfer or farm exit is a process that starts in the consolidation stage of the farm life cycle. In this stage, the decision to transfer the farm or not is taken and the farm management is adapted to this decision. The objective of this paper is to model the succession effect on farm management. The results show that the succession effect plays a role from the age of 45. An early designation of the successor gives an incentive to invest and to improve the management.

Suggested Citation

  • Calus, Mieke & Van Huylenbroeck, Guido, 2008. "The succession effect within management decisions of family farms," 2008 International Congress, August 26-29, 2008, Ghent, Belgium 44131, European Association of Agricultural Economists.
    • Handle: RePEc:ags:eaae08:44131
    DOI: 10.22004/ag.econ.44131
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    References listed on IDEAS

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    1. Ayal Kimhi & Noga Nachlieli, 2001. "Intergenerational Succession on Israeli Family Farms," Journal of Agricultural Economics, Wiley Blackwell, vol. 52(2), pages 42-58, May.
    2. Arellano, Manuel, 2003. "Panel Data Econometrics," OUP Catalogue, Oxford University Press, number 9780199245291.
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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. Krammer, Monika & Larcher, Manuela & Vogel, Stefan & Lautsch, Erwin, 2012. "The Pattern of Austrian Dairy Farm Household Strategies," German Journal of Agricultural Economics, Humboldt-Universitaet zu Berlin, Department for Agricultural Economics, vol. 61(02), pages 1-18, May.
    4. Radosław Pastusiak & Michał Soliwoda & Magdalena Jasiniak & Joanna Stawska & Joanna Pawłowska-Tyszko, 2021. "Are Farms Located in Less-Favoured Areas Financially Sustainable? Empirical Evidence from Polish Farm Households," Sustainability, MDPI, vol. 13(3), pages 1-26, January.
    5. Stefan Mann, 2021. "Synthesizing Knowledge about Structural Change in Agriculture: The Integration of Disciplines and Aggregation Levels," Agriculture, MDPI, vol. 11(7), pages 1-14, June.
    6. Lukasz SATOLA & Tomasz WOJEWODZIC & Wojciech SROKA, 2018. "Barriers to exit encountered by small farms in light of the theory of new institutional economics," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 64(6), pages 277-290.
    7. Krammer, Monika & Larcher, Manuela & Vogel, Stefan & Lautsch, Erwin, 2012. "The Pattern of Austrian Dairy Farm Household Strategies," Journal of International Agricultural Trade and Development, Journal of International Agricultural Trade and Development, vol. 61(2).
    8. 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

    Farm Management;

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