Family Farm Succession: Factors of Business Transfer Intention

The transfer of farm assets across generations is essential for the continuity and sustainability of farming operations. As the number of farms decreases and the population ages, the need for effective succession planning becomes increasingly urgent. This paper investigates the factors influencing the intention to transfer family farm businesses, providing insights and recommendations. Four critical factors in farm transition were identified: (a) family dynamics and connection to the farm; (b) farm assets, abilities, and innovation for the future; (c) willingness and mechanisms to transfer the farm; and (d) barriers and conflict in farm transfer.