The last generation: Handing down the farm not always easy

Abstract

Many farmers have a significant problem with regard to succession planning, meaning the majority of their children will be unable to receive an adequate farm-based income or continue farming.

That’s the impression from data gleaned from over 800 responses to a survey conducted by Lincoln University Senior Lecturer in Farm Management, Dr Kevin Old, and Research Fellow, Dr Peter Nuthall. The survey was designed to gauge the current situation for succession and governance on New Zealand farms.