FARM BUSINESS NEWS
Woodbury: Farm Family Business
Lance Woodbury DTN Farm Business Adviser
Fri Jan 3, 2014 05:13 PM CST

Several months ago I sat down with a father to discuss the succession options in his diversified agriculture operation. It appeared his children were not coming back to the family business, and he and his wife, both at retirement age, wanted to think through the possibilities. Should they sell the business and land? Transition the operation to a key employee? Rent the assets to another operator? There were several good options to extract some financial value from the company; we just needed to decide which one to pursue.

As we talked about the pros and cons of different strategies, I ...

Quick View
  • Crop Tech Corner In this week's Crop Tech Corner, researchers produce orange-colored corn with sight-saving capabi...
  • Strong Immunity Wins Two weeks after calving, cows lose body condition. But if she is short on nutrients, too, that dr...
  • Russ' Vintage Iron DTN staff reporter Russ Quinn takes a look at farm life nearly a century ago.
  • Klinefelter: By the Numbers Farm lenders should halt their petty rivalry and focus on agriculture's best interest: Our nation...
  • CWA Rule Pressure The Pennsylvania Department of Environmental Protection has asked the federal EPA to withdraw the...
  • GOP Picks Conaway as House Ag Chairman The House Republican Steering Committee on Tuesday selected Rep. Michael Conaway, R-Texas, as the...
  • Head Start A Pennsylvania teen has two years of a farm-to-fork business under his belt and is looking to exp...
  • Woodbury: Farm Family Business One of the world's wealthiest families measures success not in dollars but in authenticity.
  • Ask the Vet A warning about bull breeding soundness.
Related News Stories
DTN Ag Summit
Ag Interest Rate Snapshot
View From the Cab
China May Import More Non-GMO Beans
Canada Committed to KXL
Minding Ag's Business
Minding Ag's Business
Rookies at Risk - 2
Klinefelter: By the Numbers
Lenders on Alert