Should One Trust a Farmer's Succession Plan? Empirical Evidence on the Intention-Behaviour Discrepancy from Finland

This study examines and compares farmers' succession plans and actual succession behaviour and finds that the farm operator's age and regional variables influence both. We also find a discrepancy between intention and actual behaviour which is significantly related to the farm operator's age. Whereas the likelihood of planned succession is overestimated significantly for younger farm operators, the opposite is observed once the farm operator's age exceeds 65 years. Therefore, stated plans have only a negligible value in predicting the observed behaviour and farm operator's statements on the timing of succession may not provide enough information on the grounds of designing structural policies in agriculture.

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Conference Paper/ Presentation
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JEL Codes:
D92; J26; Q12
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Poster Paper

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

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