Quotation Weiss, Christoph and Väre, Minna and Pietola, Kyösti. 2010. The irrelevance of stated plans in predicting farm successions in Finland. Agricultural and Food Science 19 (1): S. 81-100.


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Abstract

This study estimates the value of farmers stated succession plans in predicting revealed succession decisions. The stated succession plan exists when a farmer answers in a survey questionnaire that the farm is going to be transferred to a new entrant within a five year period. The succession is revealed when the farm is transferred to a successor. The stated and revealed behaviour is estimated as a recursive Binomial-Probit- Model, which accounts for censoring of the decision variables and controls for a potential correlation between the estimating equations. The results suggest that the succession plans, as stated by elderly farmers in the questionnaires, do not provide information that is significant and valuable in predicting the true, revealed successions, once certain farm and farmer characteristics are controlled for.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal Agricultural and Food Science
Citation Index SCI
Language English
Title The irrelevance of stated plans in predicting farm successions in Finland
Volume 19
Number 1
Year 2010
Page from 81
Page to 100
URL http://ojs.tsv.fi/index.php/AFS/article/view/5977
DOI n.a.

Associations

People
Weiss, Christoph (Details)
External
Pietola, Kyösti
Väre, Minna
Organization
Research Institute for International Taxation FI (Details)
Research Institute for Regulatory Economics FI (Details)
Institute for Economic Policy and Industrial Economics IN (Details)
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