Farming for Generations: An investigation into the challenges of farm businesses remaining in the ownership of the same family for several generations

Abstract

ABSTRACT Some farms remain in the ownership of one family for several generations and others do not. This study is about family farms in Australia used for growing crops, running beef cattle and sheep, or operating with a mix of these activities. Why and how has the same family operated a farm for generations and why and how do other such family farms cease to continue in the same ownership? This work investigates the question of inter-generational succession of family farm businesses in the context in which there are three main aims of owners of family farm business. The definition of the three main aims is to provide adequately for retirement; pass on to heirs a farm that has reaso..