Woodbury: Family Business Matters
Lance Woodbury DTN Farm Business Adviser
Mon Apr 7, 2014 10:27 AM CDT

Imagine this situation: You inherited some land, added some of your own and, over the last 30 years, have built a significant farming business. Now you are starting the generational transition process in earnest, and the problem is you have no heirs.

Or, you have heirs, but they have no interest in developing what you have built. Or worse, they have interest but don't have the wherewithal to manage the business. In a word, you're stuck.

I've received numerous questions during the years on how to handle such situations. If you want to keep the assets intact or hold the ...

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