FARM BUSINESS NEWS
Woodbury: Family Business Matters
Lance Woodbury DTN Farm Business Adviser
Mon Jun 2, 2014 06:24 AM CDT

I'm fond of saying that good succession planning doesn't lend itself to one-size-fits-all solutions. Every family may face similar issues such as retirement, land transitions, off-farm heirs, returning family members, growth opportunities or even spousal conflict. Yet each family's history, relationships, culture, business strategy, expectations, personalities and assumptions combine to form a unique, dynamic and evolving transition challenge. Solving the succession puzzle is akin to constantly turning a Rubik's Cube, only to realize that making all sides a solid color is eternally elusive!

While succession has its share of complexity, there are several simple practices that can have an immediate ...

Quick View
  • The Trouble With Talc Planting can be dusty work, but a little housekeeping is in order to protect pollinators this spr...
  • Fescue Workaround Fescue can be a challenge, but Butch Foster said he and his dad, Bob, put 200 to 250 pounds on ca...
  • Ask the Taxman by Andy Biebl Readers pose tax questions on how to justify repairs, handle capital gains on a residence and com...
  • $3 Corn Subdues Bids March auctions show cash rent shocks could mount in 2016.
  • Sample With Precision Dan Davidson looks at how to measure the horsepower of your soil with the Solvita soil respiratio...
  • USDA Defines Actively Engaged Under the 2014 farm bill, family operations are exempted from proposed changes in actively engage...
  • New Paths Max payments forecast in areas of hardest-hit 2014 corn yields.
  • She's Got It All Alicia Mielke is a farm girl originally from Harrington, Wash., who continues to lend a hand to h...
  • Ask the Vet Would a bull with an undescended testicle or one that was a hard pull at birth be worthy of breed...
Related News Stories
Louis Dreyfus Remains Private
Louis Dreyfus Remains Private
Sage Grouse Protection Deal Signed
Minding Ag's Business
Minding Ag's Business
Ag Interest Rate Snapshot
Non-GM Label Bill Introduced
USDA Defines Actively Engaged
View From the Cab
Minding Ag's Business