FARM LIFE NEWS
Woodbury: Family Business Matters
Lance Woodbury DTN Farm Business Adviser
Mon Aug 11, 2014 11:05 AM CDT

You need to answer one question to get everyone to work together, think about the future and take action.

Working together in a family business is no easy task. Multiple roles, complex relationships and conflicting histories merge to form what meteorologists call a perfect storm -- a difficult state of affairs arising from unpredictable causes -- in your family's interaction. The concepts of fairness and equality become so muddy that any attempt at principled decision-making goes awry. And finding the time to work on succession and estate planning, when even the daily business decisions seem overwhelming, is as elusive as ...

Quick View
  • The Trouble With Talc Planting can be dusty work, but a little housekeeping is in order to protect pollinators this spr...
  • Fescue Workaround Fescue can be a challenge, but Butch Foster said he and his dad, Bob, put 200 to 250 pounds on ca...
  • Ask the Taxman by Andy Biebl Readers pose tax questions on how to justify repairs, handle capital gains on a residence and com...
  • $3 Corn Subdues Bids March auctions show cash rent shocks could mount in 2016.
  • Sample With Precision Dan Davidson looks at how to measure the horsepower of your soil with the Solvita soil respiratio...
  • USDA Defines Actively Engaged Under the 2014 farm bill, family operations are exempted from proposed changes in actively engage...
  • New Paths Max payments forecast in areas of hardest-hit 2014 corn yields.
  • She's Got It All Alicia Mielke is a farm girl originally from Harrington, Wash., who continues to lend a hand to h...
  • Ask the Vet Would a bull with an undescended testicle or one that was a hard pull at birth be worthy of breed...
Related News Stories
View From the Cab
GAO Seeks Insurance Cuts
She's Got It All
New Paths
Russ' Vintage Iron
View From the Cab
Farm Program Countdown - 1
Ag Airs Concerns
Farm Program Countdown - 2
The Many Faces of Success