A note on farmers' retirement and succession considerations: Evidence from a household survey

Ayal Kimhi*, Ramon Lopez

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

41 Scopus citations

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.

Original languageAmerican English
Pages (from-to)154-162
Number of pages9
JournalJournal of Agricultural Economics
Volume50
Issue number1
DOIs
StatePublished - Jan 1999

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