FARM BUSINESS NEWS
Marcia Zarley Taylor DTN Executive Editor
Thu Jul 17, 2014 10:01 AM CDT


Why Succession Plans Stall

Today I'm again bantering with family business mediator and DTN-Progressive Farmer Columnist Lance Woodbury on farm family succession tips. Based in Garden City, Kan., Lance has been facilitating business transitions and mentoring heirs for more than 20 years. As a professionally trained mediator, he knows the complexity and emotions involved in talking out priorities and managing personal dynamics. Often, it's the psychological barriers that block effective transition plans.

Taylor, DTN: Lance, I hear a lot of 20- and 30-year-old producers frustrated at the pace they transition into an existing family business. Some feel their ...

Quick View
  • Crop Tech Corner In this week's Crop Tech Corner, a new, faster method of testing soybean cyst nematode samples is...
  • Competing for Dollars Beef has some catching up to do, but there is opportunity ahead.
  • Ask the Taxman by Andy Biebl Readers pose tax questions on how to justify repairs, handle capital gains on a residence and com...
  • Senior Partners - 1 Think how rural communities could rejuvenate if farmland rents stayed local rather than flowing t...
  • $3 Corn Subdues Bids March auctions show cash rent shocks could mount in 2016.
  • Nutrients Ruling A federal appeals court Tuesday ruled that a lower court could not order EPA to make a decision o...
  • West, Texas: 2 Years Later - 1 Two years after the ammonium nitrate explosion at West Fertilizer Co. in West, Texas, state offic...
  • West, Texas: 2 Years Later - 2 While federal and state governments did not mandate more regulations when it comes to storing fer...
  • Ask the Vet The vet says my cow has anaplaz, which I've never heard of before. What is it?
Related News Stories
Ag Interest Rate Snapshot
Klinefelter: By the Numbers
Klinefelter: By the Numbers
Port of Portland Loses More Business
Woodbury: Family Business Matters