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