FARM BUSINESS NEWS
Woodbury: Family Business Matters
Lance Woodbury DTN Farm Business Adviser
Mon May 5, 2014 12:53 PM CDT

"I don't trust him anymore."

Those five words, offered by a family business partner when describing her brother, signaled the eventual break-up of the family business. From the outside looking in, you might not suspect the end was near: The business was profitable, growing, respected in the community and several family members had returned.

But the image and the reality were different. Inabilities to discuss frustrations, the lack of ground rules, and differing expectations about decision-making authority were tearing at the fabric that held the family business together.

TRUST IS IMPORTANT

As a business grows and employs more people, trust ...

Quick View
  • Stay on Top of SDS The distinctive yellow patches of sudden death syndrome (SDS) are surfacing in soybean fields acr...
  • Ample Stocks Ahead Drought recovery in many areas has led to higher stocks, brighter production prospects and modera...
  • Precision Ag Potential Pending Precision agriculture proponents insist the industry can revolutionize agriculture, but first mor...
  • Cash Rent Reset - 2 Iowa farmland owners Fred and Lodean Cook may consider flexible cash leases for the first time th...
  • Iowa Land Gets a Bounce Key Midwest land values are stuck in neutral or sliding below 2014 levels, recently released opin...
  • Canadian Dairy Conundrum Coping with Canada's dairy industry import tariffs and supply controls remains one of the stickin...
  • Klinefelter: By the Numbers Deteriorating profit margins flip the fortunes of big renters and conservative owner-operators. I...
  • Training for Sustainability The Hmong American Farmers Association is helping producers who migrated to the United States fol...
  • Ask the Vet What are these crusty scabs on my cattle?
Related News Stories
Senior Partners - 5
Ag Interest Rate Snapshot
Net Farm Income Falling Fast
Monsanto Calls Off Hunt
Monsanto Calls Off Hunt
Monsanto Nixes Syngenta Bid
View From the Cab
Merger Approved
Deere Reports Profit Down
Deere Reports Profit Down