Family farms vary widely in size and other characteristics, ranging from very small retirement and residential farms to establishments with sales in the millions of dollars. The farm typology developed by the Economic Research Service (ERS) categorizes farms into groups based primarily on...

Exploratory factor analysis was used to analyze responses to management questions asked a sample of U.S. cash grain farmers. Results indicate that 3 factors described farm management approaches, price negotiation, long-term cost control, and input adjustment. Price negotiation was positively...

Survival of many family farms is dependent on successful intergenerational transfer. Given the importance of succession in the farm sector, the purpose of this paper is to examine factors that are likely to influence succession decisions on U.S. farms. The paper uses 2001 ARMS data and a...