Succession Planning in Family Farms

Abstract

Succession is a very significant problem, and there are a lot of articles about succession in family business. In a family business, most successors come from the family. Succession is also very important in family farms. Continuous transfer of farm ownership among family members influences farms success in the future and it requires a development of a succession plan. The author was analyzing succession plans in family business and succession plans prepared for farms in developed countries of Europe and other parts of world. Based on this information a model succession plan for family farms was prepared. Succession planning should be promoted among farmers in Poland, as it stimulates thinking about the future of polish family farms. In Polish agriculture succession planning is not very popular, it is mostly unknown, and research in this field has not yet been conducted.