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2017
DOI: 10.7771/2331-9151.1006
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Succession Planning and Perceived Obstacles and Attractions for Future Generations Entering Beef Cattle Production

Abstract: This study provides valuable insights into cow-calf producer and feedlot operator succession plans for transferring cattle operations upon exiting the industry. Across both cow-calf producers and feedlot operators, about 50% expect to be raising cattle for 10 more years or less; however, about 39% of these producers do not have a succession plan in place. Cow-calf producers view a rural lifestyle, self-employment, working with livestock, and working with family as the biggest attractions to future generations … Show more

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Cited by 5 publications
(4 citation statements)
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“…Economic pressures caused by higher crop prices, USDA disaster assistance and federal crop insurance, genetically modified crops, and new cropping technologies have made it increasingly difficult for grazing operations to remain economically viable (Government Accountability Office 2007, Claassen et al 2011). In addition, aging of ranchers along with limited availability of pasture and the demands of a year-around workload favor conversion to annual cropping (Schulz et al 2017). Extensive grassland restoration and enhancement efforts in our study area implemented to support ranchers and benefit migratory birds by establishing native plantings, increasing patch size and connectivity, and enhancing floral and structural diversity through managed grazing systems (USFWS 2017b) likely provide benefits for pollinators.…”
Section: Discussionmentioning
confidence: 99%
See 1 more Smart Citation
“…Economic pressures caused by higher crop prices, USDA disaster assistance and federal crop insurance, genetically modified crops, and new cropping technologies have made it increasingly difficult for grazing operations to remain economically viable (Government Accountability Office 2007, Claassen et al 2011). In addition, aging of ranchers along with limited availability of pasture and the demands of a year-around workload favor conversion to annual cropping (Schulz et al 2017). Extensive grassland restoration and enhancement efforts in our study area implemented to support ranchers and benefit migratory birds by establishing native plantings, increasing patch size and connectivity, and enhancing floral and structural diversity through managed grazing systems (USFWS 2017b) likely provide benefits for pollinators.…”
Section: Discussionmentioning
confidence: 99%
“…In addition, aging of ranchers along with limited availability of pasture and the demands of a year‐around workload favor conversion to annual cropping (Schulz et al. 2017). Extensive grassland restoration and enhancement efforts in our study area implemented to support ranchers and benefit migratory birds by establishing native plantings, increasing patch size and connectivity, and enhancing floral and structural diversity through managed grazing systems (USFWS 2017 b ) likely provide benefits for pollinators.…”
Section: Discussionmentioning
confidence: 99%
“…Respondents to a 2016 survey of cattle producers in the Southern Plains had an average age of 67 [33], a full decade older than the average age of all producers (57.5 years) according to the 2017 Census of Agriculture [32]. In many cases, producers are nearing retirement or mortality without a succession plan in place [34]. This disincentivizes the adoption of many new practices that require substantial costs to implement and become profitable only over time.…”
Section: Demographics and Labor Availabilitymentioning
confidence: 99%
“…This is especially true for beef cattle operations. Schulz et al (2017) state a substantial turnover of productive assets will likely happen for beef cattle operations over the next decade. Furthermore, Ahearn and Newton (2009) show that beginning farmers, like established farmers, specialize in beef cattle more than any other commodity.…”
Section: Introductionmentioning
confidence: 99%