FARM BUSINESS NEWS
Woodbury: Farm Family Business
Lance Woodbury DTN Farm Business Adviser
Mon Jan 13, 2014 02:28 PM CST

My recent columns contemplated the return of a family member to the business and some of the issues that can arise. In those articles, I claimed that if the discussion is too casual or the transition is given short shrift, assumptions and missed expectations are a likely result, endangering the succession of the enterprise.

This time I turn to the other end of the transition continuum: the senior generation's exit. In both instances -- the return of a family member or retirement of the senior generation -- there is no magic formula offering a fool-proof transition process. There is no ...

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