Survey analysis reveals underlying structural inequities in farm succession planning, indicating that land access disparities drive succession gaps.
Key Points
To examine the underlying drivers of racial differences in farm succession planning between White and Black farmers.
Survey administration to agricultural producers in Tennessee.
Application of decomposition and counterfactual econometric analyses to evaluate succession planning rates conditioned on structural farm characteristics.
Raw observational differences in succession planning between White and Black farmers appeared small.
Structural attributes—chiefly farm size—predicted higher succession planning rates among White farmers.
Conditional on farm size and related structural characteristics, Black farmers demonstrated an equal or higher likelihood of succession planning compared to White farmers.