Really interesting research piece centred around farms and farming, the need for wider understanding of the issues and help to be directed to reducing the decline of the rural populations.
Farms and inter-generational transfers are very sensitive and have broad implications for families, farms in general and the wider food supply chain.
This area of succession certainly needs more attention.
ECONOMIC rationalism cannot solve problems of poor farm succession or the increasing rural isolation that is making many farmers unhappy. In fact, while the “get big or get out” mantra of the 1990s led to some farms being more profitable, many farmers have become lonely as rural areas depopulate as a result of it. And how many family farms are transferred between generations, often with a focus only on the business’s health, without regard for all family member’s emotional attachments — which can lead to families in distress. This then leads to further rural population decline.