FARM BUSINESS NEWS
Senior Partners - 1
Fri Jan 24, 2014 02:27 PM CST

HUXLEY, Iowa (DTN) -- Farmer David Kalsem cracked open the clothbound binder filled with typewritten minutes and meticulously handwritten columns of farm financials dating back to the 1960s. The 78-year-old from Huxley, Iowa, doesn't need an appraiser, but he is conferring with his wife, Cheryl, his 42-year-old son, Mike, and David's older brother, John, to value their family farm corporate stock.

The Kalsems' annual ritual sets a buyout price should any one of the partners die or wish to exit the business in the year ahead. Establishing ...

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