Factors influencing succession plan among aged crop farmers in rural communities of Ogun State Nigeria

Purpose: This study examined the aged crop farmers’ perception towards succession plan, determined the level of succession plan intention among the respondents, and revealed the factors influencing succession plan among aged crop farmers in rural communities.

Research Method: A sample size of 192 aged crop farmers from the four agricultural zones who were above 60 years old were selected by means of multistage sampling procedure. Data were collected through structured interviewed method and summarised using appropriate statistics.

Findings: Results revealed respondents’ mean age as 75.14±9.76 year, with majority being male (86.5%) and married (72.4%) respectively. Furthermore, the respondents’ mean of farming experience was 50.02±14.79. It was established that 79.2 percent of the respondents had succession plan and there was a low succession plan intention. The factors associated with succession plan at p≤0.05 were farming experience (β = 0.485), household size (β = 0.330), perception (β = 0.402) and life after retirement from farming (β = 0.183).

Originality/Value: The study provides an insight to factors associated with succession plan among aged crop farmers in order to ensure continuity in farm business.

Research Limitation: The study did not interview all the aged crop farmers in the study area due to limited resources.