Development of a family agribusiness transition planning tool

This research identifies common family farm characteristics, outlines the various elements of succession planning, and describes the motivations and objectives surrounding the composition of a succession plan. Business, retirement, and estate planning elements were integrated to develop a succession planning tool for use in transitioning labor, management, and ownership of a grain farm operation from one generation to the next. Illinois Farm Business Farm Management data from 2003 to 2009 provided a profile of a typical farm likely to require a succession plan. Three farm succession scenarios were entered into the tool to illustrate the complex and individual nature of succession planning while showing how the same instruments are often used in various ways to achieve unique goals.

Name thesis:degree_name

M.S.

Level thesis:degree_level

Thesis

Discipline thesis:degree_discipline

Agricultural & Applied Econ

Grantor

University of Illinois at Urbana-Champaign

Year dc:date

2011

Author dc:creator

• Martin, Anikka A.

Contributors dc:contributor

• Sherrick, Bruce J.

• transition
• succession

Statement dc:rights

• Copyright 2011 Anikka A. Martin

Language dc:language

en

Handle dc:identifier

http://hdl.handle.net/2142/26191

OAI identifier oai:identifier

oai:www.ideals.illinois.edu:2142/26191