Short rotation plantations (SRP), also called short rotation coppice, can contribute to bioeconomy by satisfying the rising demand for wood raw material while strengthening the rural economy. However, farmers all over Europe show limited adoption of SRP. Marginal lands are considered a promising option for producing SRP biomass and avoiding conflicts with food production. This study focuses on the Malacky region in Western Slovakia because of suitable land quality and a board production site close by providing a significant local market for the produced biomass. Qualitative interviews in 2018 explored personal and situational factors that influenced local farmers’ (N = 19) willingness to adopt SRP. Slovakia’s land fragmentation in combination with the required landowner’s consent, competition with food production, and lack of identification with SRP were identified as prominent barriers. The economic benefit from using low quality lands and environmental benefits from SRP were identified incentives. Moreover, the study found agricultural cooperatives more open to SRP than agricultural business companies, as they are more interested in the economic benefits and prefer agricultural activity over fallow land. Because the study identified conflicting views about the possible impacts of SRP on the environment and the rural community, it is considered crucial to provide farmers with science-based facts on these issues. This aspect should also be acknowledged to increase acceptance of stakeholders, such as land owners, governmental actors, and the general public, which is needed to develop measures to encourage SRP.