ABSTRACT
This chapter focuses on the key findings of the International Farm Transfers Study conducted in Australia in 2004, which compared Australian trends in career progression, succession, inheritance and retirement on farms with those in other countries participating in the International Farm Transfers Study. McAllister and Geno suggest that traditional legal structures of property ownership are used by farmers as legitimate means of protecting values pertaining to property, family and inheritance. Salamon claims that a family's perception of its relationship to land has profound influences on its operational style including their approach to succession and inheritance. In comparison with other countries, Australian farmers' planned sources of retirement income are evenly spread across a range of options. A greater proportion of Australian respondents planned to support them in retirement through the sale of farmland and other farm assets compared with respondents in other countries. However, Australian farmers have chosen a successor at a younger age in comparison to farmers in other countries.
