Significant changes have taken place on the world wheat market over the last decade. Russia, a former net wheat importer has become a leading exporter with a world market share of 13.8 percent in 2009/2010. Though there are several studies on the pricing behaviour of Canadian and US wheat...

In a two-step econometric approach that corrects for selectivity bias, we analyse the determinants of the probability of succession and the timing of succession or closure in a unique sample of 233 North-German family farms. We set up the succession decision as an intertemporal optimization...