SUSSESSION IN AGRICULTURE: A PROBIT AND COMPETING RISK ANALYSIS

The present study examines family and farm characteristics affecting the choice and the timing of intergenerational farm transfers. Using survey data which are linked to accounting data for 272 farms in Northern Germany, we use a probit approach to examine whether specific farm and family characteristics are related to the likelihood of succession within a given period. We go beyond the existing literature by applying a competing risk approach to study the process and thus the timing, respectively of the two competing events succession or exit from farming. We find that farm characteristics significantly influence succession considerations to the extent that they affect the value of the farm for the potential successor.


Subject(s):
Issue Date:
2004
Publication Type:
Conference Paper/ Presentation
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/20067
PURL Identifier:
http://purl.umn.edu/20067
Total Pages:
25
Series Statement:
Selected Paper




 Record created 2017-04-01, last modified 2020-10-28

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