The landowner role in beginning farmer/rancher land access: predictors of landowners' views of extrafamilial farm transfer to a BFR. Issue 3 (21st December 2021)

• Record Type: Journal Article
• Authors: Valliant, Julia C.D.; Dickinson, Stephanie; Zhang, Yijia; Golzarri-Arroyo, Lilian; Farmer, James R.
• Is Part Of: Agricultural finance review. Volume 82:Issue 3(2022)
• Page Start: 522
• Page End: 537
• Publication Date: 2021-12-21
• Subjects: Beginning farmers/ranchers -- Farm/ranch owner -- Farm/ranch transfer -- Land access -- Policy assessment; Agriculture -- Finance -- Periodicals; Agriculture -- Finance -- Statistics -- Periodicals; Agricultural insurance -- Periodicals; Agriculture -- Taxation -- Periodicals; 332.71
• DOI: 10.1108/AFR-05-2021-0054
• Languages: English
• ISSNs: 0002-1466

Abstract

Abstract : Purpose: Beginning farmers and ranchers (BFRs) are more likely to access land through an unrelated landowner than through family. Thus, farm and ranch owners who might transfer their land or businesses out of family are potential sources of land access for BFRs and are the most frequent participants in incentive programs to facilitate land transfer to BFRs. To assist in identifying landowners who might transfer out of family, the paper aims to explore similarities and differences between landowners according to their expectations for intra-familial versus extra-familial farm transfer. Design/methodology/approach: Pairwise and regression analysis of USA Midwestern and Plains landowners' responses to an online survey ( n = 322). Findings: Landowners who might transfer out of family were likely to need the proceeds from a land sale to finance their retirement. Landowners' financial needs interacted with their widespread interest in transferring to a BFR such that 97% of owners who expected extra-familial transfer wanted to transfer to a BFR. There were also statistical patterns around the size of owners' landholdings in relation to their transfer plans. Research limitations/implications: This exploratory inquiry suggests patterns for future research to examine, especially around landowners' juxtaposition of their retirement income and their interest in transferring to a BFR and how to align these priorities and values. Originality/value: By exploring the characteristics of landowners who are the most likely to provide land access to BFRs, the authors begin to examine how to target these owners in program outreach. Patterns for further exploration point to landowners' financial needs in relation to their interest in helping a BFR to get started in agriculture.