2023 Fiscal Year Final Research Report

Building the measures to strengthen farm businesses: discussion from bankruptcy cases

Research Project

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Project/Area Number	19K22350
Research Category	Grant-in-Aid for Challenging Research (Exploratory)
Allocation Type	Multi-year Fund
Review Section	Medium-sized Section 41:Agricultural economics and rural sociology, agricultural engineering, and related fields
Research Institution	Tokyo University of Agriculture
Principal Investigator	Uchiyama Tomohiro 東京農業大学, 国際食料情報学部, 教授 (80378322)
Co-Investigator(Kenkyū-buntansha)	森佳子島根大学, 学術研究院農生命科学系, 准教授 (40346375)
Project Period (FY)	2019-06-28 – 2024-03-31
Keywords	農業経営 / 倒産 / 廃業 / 継承 / 再生 / 清算 / M＆A / 信用情報
Outline of Final Research Achievements	We attempted to approach the issue from the perspective of credit investigation information and case analysis, by organizing the process that leads to bankruptcy, the reasons for bankruptcy, and responses after bankruptcy, and by presenting measures for reducing the risk of bankruptcy and swiftly transferring management resources after bankruptcy. From the credit investigation information, we clarified that there are a certain number of corporations that achieve above a certain level of financial performance even in the period prior to bankruptcy. From the case analysis, we pointed out that 1) unlike M&A in other industries, it is necessary to take measures that take into account the characteristics of agriculture, which consists of a large number of small-scale farms in which no intermediaries can be involved, and 2) given the difficulty of evaluating business assets, the role of related institutions is important.
Free Research Field	農業経営学
Academic Significance and Societal Importance of the Research Achievements	農業経営研究が「成功事例」に注目しがちな中で、「失敗事例」とも言える倒産という事象を積極的に取り上げ、その本質に迫ろうとした点に学術的意義がある。当然ながら、「失敗事例」の調査研究は難しく、調査が行えたとしてもその公表が容易でないなど、多くの乗り越えるべき課題があるため、引き続き取り組む必要があると言える。また、多くの農業経営が後継者難の問題を抱え、少ない担い手に農地が集中する傾向が強まる中、事業再生型の経営継承に新たな知見を加えることで、社会的意義を発揮することが可能となる。