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Intergenerational Management Transfers in Family Farm Businesses

Author

Listed:
  • Lange, Kelly Y.
  • Johnson, Jeffrey W.
  • Johnson, Phillip N.
  • Hudson, Darren
  • Wang, Chenggang
  • Gustafson, Bill

Abstract

Family farm management is often transferred separately from farm ownership. This article determines the impact of variables affecting management transfer decisions. Agricultural Resource Management Survey data are used to investigate variable impacts. Results indicate operator demographics, business planning practices, and value of farm and non-farm assets impact management transfer decisions.

Suggested Citation

  • Lange, Kelly Y. & Johnson, Jeffrey W. & Johnson, Phillip N. & Hudson, Darren & Wang, Chenggang & Gustafson, Bill, 2013. "Intergenerational Management Transfers in Family Farm Businesses," 2013 Annual Meeting, February 2-5, 2013, Orlando, Florida 142731, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saea13:142731
    DOI: 10.22004/ag.econ.142731
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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. 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.
    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.
    4. 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.
    5. Hoppe, Robert A. & Banker, David E., 2010. "Structure and Finances of U.S. Farms: Family Farm Report, 2010 Edition," Economic Information Bulletin 291950, United States Department of Agriculture, Economic Research Service.
    6. Cox, Donald & Rank, Mark R, 1992. "Inter-vivos Transfers and Intergenerational Exchange," The Review of Economics and Statistics, MIT Press, vol. 74(2), pages 305-314, May.
    7. Cox, Donald, 1987. "Motives for Private Income Transfers," Journal of Political Economy, University of Chicago Press, vol. 95(3), pages 508-546, June.
    8. Mishra, Ashok K. & El-Osta, Hisham S. & Shaik, Saleem, 2010. "Succession Decisions in U.S. Family Farm Businesses," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 35(1), pages 1-20.
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    Cited by:

    1. Pessotto, Ana Paula & Costa, Carlos & Schwinghamer, Timothy & Colle, Gabriel & Corte, Vitor Francisco Dalla, 2019. "Factors influencing intergenerational succession in family farm businesses in Brazil," Land Use Policy, Elsevier, vol. 87(C).

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    Keywords

    Agribusiness; Farm Management;

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