Show simple item record

dc.contributor.authorWilton, Allison E.
dc.date.accessioned2021-04-20T13:53:39Z
dc.date.available2021-04-20T13:53:39Z
dc.date.issued2020-05-20
dc.identifieroksd_wilton_HT_2020
dc.identifier.urihttps://hdl.handle.net/11244/329474
dc.description.abstractApproximately 30% of family-owned U.S. farms and ranches will survive a generational transition; when transitioning to subsequent generations, the likelihood of success continues to decline. Reed et al. (2019) simulated the effects of five commonly used farm transition strategies on a prototypical Oklahoma farm to determine the probability of successful transition under each strategy. This project expands upon Reed's work by creating seven additional prototypical farms to represent the predominant production systems and regions in US agriculture to determine how those same strategies impact each farm type by simulating each farm using the Reed model. The California specialty crops, Illinois corn, and Iowa hog operations all had very high rates of success. However, the Kansas wheat, Texas cattle, Georgia poultry, and Wisconsin dairy operations had significantly lower probabilities of success. A high asset-turnover ratio, as well as high net farm income, is an indicator for success, as the operation generates enough cash flow to meet the demands of most strategies. Federal and state tax structures will influence the rates of successful transition, as well as government payments to farming operations. Moving forward, many of the things that are held constant in this model can be changed to evaluate the outcome: the age of death of the primary operator, the number of heirs, and narrowing the scope of the prototypical farm.
dc.formatapplication/pdf
dc.languageen_US
dc.rightsCopyright is held by the author who has granted the Oklahoma State University Library the non-exclusive right to share this material in its institutional repository. Contact Digital Library Services at lib-dls@okstate.edu or 405-744-9161 for the permission policy on the use, reproduction or distribution of this material.
dc.titleSimulation of farm transition strategies across multiple U.S. farm prototypes
osu.filenameoksd_wilton_HT_2020.pdf
osu.accesstypeOpen Access
dc.type.genreHonors Thesis
dc.type.materialText
dc.contributor.directorFerrell, Shannon
dc.contributor.facultyreaderJones, Rodney
thesis.degree.disciplineAgribusiness
thesis.degree.grantorOklahoma State University


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record