Later Life Farming: Retirement Plans and Concerns of Farm Families

Authors

Barbara O’Neill, Rutgers Cooperative ExtensionFollow
Stephen J. Komar, Rutgers Cooperative Extension of Sussex CountyFollow
Robin G. Brumfield, Rutgers Cooperative ExtensionFollow
Robert Mickel, Rutgers Cooperative Extension of Hunterdon CountyFollow

Volume

48

Issue

4

DOI

10.34068/joe.48.04.06

Abstract

Many farmers are approaching retirement age and need to take advantage of critical planning years preceding this transition. Farm families often differ from other workers. Many are emotionally attached to their primary investment (farmland), and they don't expect to retire (i.e., stop farming) as much as reduce work hours or the scope of their operation. There is a need for information that addresses the unique retirement planning concerns and mindset of farm families. This article discusses findings from focus groups held with New Jersey farm families (N=13) in 2008 to inform development of an online retirement planning course for farmers.

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Recommended Citation

O’Neill, B., Komar, S. J., Brumfield, R. G., & Mickel, R. (2010). Later Life Farming: Retirement Plans and Concerns of Farm Families. The Journal of Extension, 48(4), Article 6. https://doi.org/10.34068/joe.48.04.06