Instrument

Description

Read more
Instrument

Pensions for farmers giving up their businesses

Description

This state-funded pension provides social security in old age until such time as the farmer’s own pension insurance benefits commence. It eases intergenerational farm transfer and eases entry for the younger generations.

Requirements

  • A properly functioning country-wide administration and monitoring system with access to the relevant information and sufficient technical and human capacities for its design, implementation and monitoring
  • Close cooperation and knowledge sharing with farmers' organisations
  • Interest and motivation of young people to enter the agri-food sector
  • Interested successor to carry on farm work or establish another viable (agri-)business
  • Open-access to all farms, regardless of size and location
  • Skilled / specialised personnel to man the respective institutions / provide the respective services
  • Willingness of the older generation to pass on the farm

Possible Negative Effects

  • Bandwagon effects without benefits to the structure
Verified by
+
Sign in
This page was last edited on 24 October 2019 | 9:42 (CEST)
Implementation Level
  • Competent Authority
  • National Government
Required Budget
high ($$$)
Impact Horizon
  • long
Administrative Complexity
high
Ministries Involved
  • Agriculture, Fisheries & Forests
  • Labour & Social Affairs
  • Finance
Trade Impact
not distorting
Download Instrument
  • Instruments
  • Policy Objectives