The Potential of Farm Partnerships to Facilitate Farm Succession and Inheritance
The rising average age of farmers and low level of young farmer entry is viewed as problematic on a global scale and farm partnerships are presented as a possible means by which farm succession and inheritance could take place in a timely manner. Using the example of Ireland, this research investigates a recent proposal by government to introduce a tax relief as an incentive for farmers to part take in farm partnerships. In this discussion, a hypothetical microsimulation model is used to investigate the possible outcomes of such a tax relief, with scenarios created to examine how this would materialise. It draws on the Teagasc National Farm Survey data which provides Irish data to the Farm Accountancy Data Network in the European Commission. The findings illustrate that even with a tax relief, cattle rearing farms would struggle to reap any economic benefit from entering a farm partnership, while their dairy counterparts would receive more value from tax reliefs. Results also indicate that farm viability will play a large role in whether or not collaborative farming is viewed as an option for farmers.
No Supplementary Data.
No Article Media
Document Type: Research Article
Publication date: May 1, 2017
More about this publication?
- An international forum and source of reference for those working in agricultural management and related activities, including social, economic and environmental aspects of food production and rural development.
- Editorial Board
- Information for Authors
- Submit a Paper
- Previous issues of the Journal of Farm Management
- Previous issues of the Journal of International Farm Management
- Ingenta Connect is not responsible for the content or availability of external websites