A Note on Farmers' Retirement and Succession Considerations: Evidence from a Household Survey

Ayal Kimhi and Ramon Lopez

Journal of Agricultural Economics, 1999, vol. 50, issue 1, 154-162

Abstract: 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.

Date: 1999
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