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

Lee Schulz, Georgeanne Artz and Patrick J. Gunn

Journal of Applied Farm Economics, 2017, vol. 1, issue 01

Abstract: This study provides valuable insights into cow- calf producer and feedlot operator suc-cession plans for transferring cattle operations upon exiting the industry. Across both cow- calf producers and feedlot operators, about 50% expect to be raising cattle for 10 more years or less; however, about 39% of these producers do not have a succession plan in place. Cow- calf producers view a rural lifestyle, self- employment, working with livestock, and working with family as the biggest attractions to future generations enter-ing beef cattle production. Cow- calf producers view environmental regulations, land tax policy, and expansion of corn and soybean acres as the biggest obstacles. Feedlot opera-tors identified the same attractions as the cow- calf group; however, the highest- ranking obstacles were mostly different, except environmental regulations, and included work hours as well as labor availability and costs.

Keywords: Livestock Production/Industries; Labor and Human Capital (search for similar items in EconPapers)
Date: 2017
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https://ageconsearch.umn.edu/record/302988/files/JAFESuccessionPlanning.pdf (application/pdf)

Related works:
Working Paper: Succession Planning and Perceived Obstacles and Attractions for Future Generations Entering Beef Cattle Production (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:pujafe:302988

DOI: 10.22004/ag.econ.302988

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