Surveyed Factors Influencing Ranch Transition Planning

A ranch transition plan describes the actions undertaken to transfer an operation to the next generation. Transition planning comes with many challenges; however, the presence of a transition plan is essential for ranch survival into the next generation. We surveyed ranchers across the United States to identify attributes of effective ranch transition plans and factors resulting in successful transition planning. The results indicate males and respondents over 50 years old are more likely to have a transition plan. Results also show net worth and operational structure each have a relationship with the presence of a transition plan.