FARM BUSINESS NEWS
Woodbury: Farm Family Business
Lance Woodbury DTN Farm Business Adviser
Mon Feb 11, 2013 04:27 PM CST

Grain farm returns and balance sheets have soared in recent years, far beyond anyone's reasonable expectations. Now the question of how family members should be compensated becomes a discussion point in many operations. Conservative operators know this Disneyland economy won't last forever, so they may want to stash reserves for the return to normal. Meanwhile, off-farm heirs or siblings see the operating income potential and sometimes wonder about returning to the farm. Spouses who sacrificed lifestyle during hard times and startups hope for a raise if not a new house.

While many families I know approach compensation relatively conservatively, they ...

Quick View
  • Enlist Cotton Approved USDA has made its final decision to deregulate Dow AgroScience's Enlist cotton trait, which means...
  • Market Moves Weaning and preconditioning top the list of aggravating and expensive chores for most ranchers. C...
  • Ask The Mechanic Ask the Mechanic answers the question about how VW and German engineering was able to get by with...
  • Senior Partners - 4 Except for family sales, seller financing virtually vanished after the farm crisis of the 1980s w...
  • PNW Ag Hit by Historic Drought In addition to problems with the Northwestern wheat crop, cattle are also being adversely affecte...
  • RFS Deadline Nears With the deadline to file comments on the proposed Renewable Fuel Standard volumes to strike at m...
  • Woodbury: Farm Family Business Agendas don't always lead to immediate decisions, but can still cement your family unity.
  • Multi-Year Losses Spur Concern The recent price rally offered growers a welcome opportunity to price 2014 and 2015 crops, but it...
  • Ask the Vet The vet says my calf had Mannheimia. What is that?
Related News Stories
Ag Interest Rate Snapshot
Senior Partners - 4
Batten Down the Hatches
Minding Ag's Business
Minding Ag's Business
DuPont Trims Outlook on Ag Weakness
Hearing on Railroad Revenue Adequacy
Minding Ag's Business
Grain Shipper Files for Bankruptcy
Syngenta Rejects Monsanto Again