SCIENCE@home

Succession Planning Among Logging Business Owners Approaching Retirement Age in Georgia and Florida, USA

Anna M. Ellis,Joseph Conrad,Puneet Dwivedi,Gary T. Green

Published 2024 in Croatian Journal of Forest Engineering

ABSTRACT

The advanced age of logging business owners in the US South and their pending retirements has created uncertainty about the future stability of timber harvesting. Succession plans increase the likelihood of business longevity, but it is unknown how many logging business owners in the US South have one. In-person interviews of sixteen logging business owners aged 52 through 75 years were conducted in Georgia and Florida in 2022, focusing on business characteristics, employment, perceived challenges, profitability, and succession planning. Most owners had no written succession plan but did have contingency plans for short-term, unanticipated absences. Owners greatest challenges were trucking, insurance premiums, fuel costs, equipment pricing and availability, and labor. Loggers' associations, forestry associations, and mill procurement staffs should be proactive in encouraging logging business owners to prepare succession plans.

PUBLICATION RECORD

CITATION MAP

EXTRACTION MAP

CLAIMS

  • No claims are published for this paper.

CONCEPTS

  • No concepts are published for this paper.

REFERENCES

Showing 1-15 of 15 references · Page 1 of 1

CITED BY