Historically, relatively few farm and ranch businesses have survived the generation of their founding. In most instances, farm businesses go through a family farm cycle with the firm peaking in efficiency about midway through the life cycle followed by a decline in efficiency in later years.
"Constructing a Succession Plan,"
Agricultural Law Digest: Vol. 8
, Article 1.
Available at: https://lib.dr.iastate.edu/aglawdigest/vol8/iss17/1