Farm/Ranch Succession: Are Young New Mexicans Interested?

Sawssan Boufous and Chadelle Robinson

Western Economics Forum, 2025, vol. 23, issue 1

Abstract: We examine young adults’ willingness to return to their family farm/ranch and their perceptions of careers in farming. We utilized survey data of 417 respondents to run a probit model to analyze factors determining their perceptions of careers involving farming and a heck-probit model to determine influential variables on their farm succession decisions. Results suggest that respondents from farm families who are aware of beginning farmers and ranchers’ programs and are attached to their hometowns perceive careers in farming positively. Moreover, the probability of succession increases when the respondent is from a rural area and aware of available programs incentivizing beginning farmers and ranchers (BFR).

Keywords: Institutional; and; Behavioral; Economics (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:ags:weecfo:364769

DOI: 10.22004/ag.econ.364769

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