Management and ownership transfer in small and medium family farms

Wiatt, Renee D.; Marshall, María I.; Musselman, Ryan

doi:10.1108/afr-04-2021-0046

Cited by 8 publications

(6 citation statements)

References 51 publications

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“…Family farms, like family businesses in general, may have a goal of seeing the farm continuing with the successor generation. In “Management and ownership transfer in small and medium family farms” (Wiatt et al , 2022), the authors look at the factors associated with farm succession planning and execution. Using data from 523 small and medium Midwestern family businesses surveyed in 2012, 68% of which are farms, they test whether transfer of management and ownership are “separate but related” succession processes.…”

Section: Credit-based Barriers To Entry and Profitabilitymentioning

confidence: 99%

Guest editorial: Special issue on beginning farmers and ranchers

Hopkins

2022

AFR

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We are pleased to recognize the efforts of the economists who contributed to the Agricultural Finance Review's special issue on beginning farmers and ranchers. The group's efforts were led by Jeffrey Hopkins, who circulated the original call resulting in 8 articles from 25 different authors. The USDA provided financial supportthrough a cooperative agreement with the Farm Foundationto host a conference in November 2020 where authors presented early-stage drafts of their manuscripts and were invited to submit them to this peer-reviewed special issue.USDA policies and programs support beginning farmers and ranchers in several ways that are consistent with improved competitiveness of the agricultural sector overall. These include initiatives, such as business planning education and technical assistance, on risk management and conservation decisions. The USDA also provides access to capital through its direct and guaranteed lending programs. Finally, the USDA supports beginning farmers and ranchers through statistical reporting and economic analysis on beginning farmers and ranchers. The USDA's primary research insights into beginning farmer and rancher demographics and wellbeing come from an annual cross-sectional financial survey known as the Agricultural Resource Management Survey (ARMS) as well as the Census of Agriculture that takes place every five years. Farmers and ranchers who are surveyed through the ARMS are asked to record their production and financial information as well as how long they have been actively farming; this information allows researchers to compare outcomes between "beginning" farmers and ranchers vs others. Researchers at ERS and elsewhere have used successive Census of Agriculture data to understand what contributes to differences in the survival and growth of beginning farm operations. Research using the ARMS and Census of Agriculture data demonstrates the value of USDA's commitment to longterm data collection to understand the structure and dynamics of the agricultural sector.

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Section: Credit-based Barriers To Entry and Profitabilitymentioning

confidence: 99%

Guest editorial: Special issue on beginning farmers and ranchers

Hopkins

2022

AFR

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“…The fight against poverty is another issue in which the family farm, through its traditional (stabilising) role, transforms into a model of European agriculture that reinforces traditions [16,17]. Altogether, family farms have several competitive advantages, as follows (Figure 2): [18][19][20][21][22][23]).…”

Section: Introductionmentioning

confidence: 99%

Consumer Preferences in the Purchase of Agri-Food Products: Implications for the Development of Family Farms

Dumitru¹,

Sterie²,

Rodino

et al. 2023

Agriculture

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The purpose of this study was to investigate the preferences of Romanian consumers when purchasing agri-food products, with a focus on products from family farms, and to identify pathways for promoting family farms’ outputs for enhancing the development of rural areas and the local economy. For this, a survey was carried out using a questionnaire as the main tool. Firstly, the data collected were analysed from a descriptive point of view. Then, multiple linear regression and the chi-square test were used to determine the relationships between variables, and ANOVA was used to identify significant differences between groups. The results revealed that consumers with a higher level of education are more confident in certified products and are better informed, with a greater ability to distinguish certified from non-certified products through logos. Finally, the results indicate an opportunity for family farms to sell their products for a higher price within a secure market, mainly in urban areas. However, for this to happen, it is necessary to implement a quality scheme, highlighting the origin and originality of the product (product obtained from a family farm, including logo) coupled with awareness campaigns on the advantages that this product has, both for the consumer and the farmer or the region it comes from. These aspects could improve the development of rural areas from all points of view.

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“…The discourse around organisational sustainability within the insurance sector both locally and internationally, has grown in recent times due to the shifting dynamics, highlighting the need for other risk factor measures. Succession management is perceived to be one of this other risk factor measures with Wiatt et al (2022) noting that existing literature appears to accept that succession refers mostly to management or leadership transfer. Chiaramonte et al (2020) defines sustainability as an all-inclusive approach to organisational management, focusing on creating and maximising social, economic and environmental values in the long-term.…”

Section: Introductionmentioning

confidence: 99%

Succession Management: A Proficient Resource in Organisational Sustainability?

Odiachi,

Sulaimon,

Kuye

2023

Management Dynamics in the Knowledge Economy

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The competitive business environment has made it imperative for organisations who desire to remain relevant put forward survival strategies. This study explores the effect of succession management on three dimensions of organizational sustainability among insurance industry employees in Nigeria. Data was collected from a sample of employees from selected companies. The study utilised structural equation modelling (SEM) to test the hypothesized model of succession management and organisational sustainability as separate but related processes. Looking at the three dimensions of sustainability (environmental integrity, economic prosperity and social sustainability) and how they impact succession management, the findings indicate that succession management has a significant relationship with organisational sustainability across all three dimensions. The study concludes that insurance companies comprehend the inherent potential of a robust and active succession management programme in the drive for organisational sustainability. The study further discusses the theoretical implications of the relationship.

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Management and ownership transfer in small and medium family farms

Cited by 8 publications

References 51 publications

Guest editorial: Special issue on beginning farmers and ranchers

Guest editorial: Special issue on beginning farmers and ranchers

Consumer Preferences in the Purchase of Agri-Food Products: Implications for the Development of Family Farms

Succession Management: A Proficient Resource in Organisational Sustainability?

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