Many farm families fail to take succession planning actions even when information is available on the tax, business organization, and investment aspects of this process. In semi-structured interviews conducted with multi-generational members of nine small farm families in Pennsylvania, most respondents attributed a high level of importance to succession planning, but conceded that they had not done enough planning. Passive communication styles, unresolved issues, and uncertainty in their lives were inhibiting factors. Rather than rely on a "wait and see" approach, it helps to be inclusive of younger generations in key discussions and decisions about the future of the farm.
|Original language||English (US)|
|Journal||Journal of Extension|
|State||Published - Oct 1 2009|
- Family farm
- Intergenerational communication
- Succession planning
ASJC Scopus subject areas