Premium
A Note on Farmers' Retirement and Succession Considerations: Evidence from a Household Survey
Author(s) -
Kimhi Ayal,
Lopez Ramon
Publication year - 1999
Publication title -
journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.157
H-Index - 61
eISSN - 1477-9552
pISSN - 0021-857X
DOI - 10.1111/j.1477-9552.1999.tb00802.x
Subject(s) - ecological succession , economics , business , demographic economics , labour economics , ecology , biology
Retirement and succession considerations of family farm operators in Maryland are considered in this paper. Retirement decisions are found to be mainly determined by personal considerations, and only secondary importance is given to succession considerations. However, the relative importance of succession considerations is positively related to the importance of the farm enterprise relative to other income‐generating activities of the family. The conclusion is that retirement and succession decisions in family farms are not separable.