TY - JOUR
T1 - Communication barriers to family farm succession planning
AU - Kaplan, Matthew Samuel
AU - Nussbaum, Jon F.
AU - Becker, John C.
AU - Fowler, Craig
AU - Pitts, Margaret J.
PY - 2009/10/1
Y1 - 2009/10/1
N2 - 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.
AB - 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.
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M3 - Article
AN - SCOPUS:77950511322
SN - 1077-5315
VL - 47
JO - Journal of Extension
JF - Journal of Extension
IS - 5
ER -