Succession Planning, Perceived Obstacles, and Attractions for Future Generations Entering Beef Cattle Production

Lee Schulz, Georgeanne Artz and Patrick Gunn

Center for Agricultural and Rural Development (CARD) Publications from Center for Agricultural and Rural Development (CARD) at Iowa State University

Abstract: Given the current demographics of beef cattle producers in the United States, a significant turnover of productive assets will likely occur in the industry over the next decade. The 2012 Census of Agriculture reported that 35 percent of US beef cattle and ranching and 28 percent of US cattle feedlot principal operators are over the age of 64. An additional 27 percent of beef cattle and ranching principal operators and 28 percent of cattle feedlot principal operators are between 55 and 64 years of age. Yet, according to the 2015 Iowa Farm and Rural Life Poll, among farmers who plan to retire in the next five years, only 55 percent have identified a potential successor.

Date: 2016-11
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Persistent link: https://EconPapers.repec.org/RePEc:ias:cpaper:apr-fall-2016-1

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