FARM LIFE NEWS
Woodbury: Farm Family Business
Lance Woodbury DTN Farm Business Adviser
Mon Feb 24, 2014 10:54 AM CST

Succession planning is a hot topic in agricultural circles. The average age of the American farmer has increased from 48 (in 1945) to 57, and the percentage of farmers age 65 or older was over 30% in 2007. While I see many operations in which family members have come home, I'm concerned that if those working on their succession plans fail because of family business conflict and miscommunication, it only deepens the crisis and fuels the consolidation facing our industry. We all know of friends and neighbors who "sold the farm" because the parents and adult children couldn't work together, ...

Quick View
  • The New Dicamba At an event exhibiting the company's soon-to-arrive Dicamba-tolerant soybean trait, Monsanto repr...
  • Rates Too Low Too Long Discounted interest rates have led to unintended consequences in land values, a shortage of funds...
  • Center Pivots Take a Beating Severe storms in mid-June have damaged hundreds of center pivot irrigation systems in Nebraska al...
  • "Easy Money Times Over" Feeding the world population won't be as hard as expected over the next decade some experts forec...
  • A Hunger for High-Tech The Gruhlkey brothers of Wildorado, Texas, are using technology and thoughtful cropping choices t...
  • Clearing the Air EPA Administrator Gina McCarthy told a group of agribusiness representatives that her agency want...
  • No More Outlaw Vets Veterinarians can start breathing a little easier now when they go to work, without the fear that...
  • Ask the Vet My vet diagnosed anaplaz and I've never heard of that.
Related News Stories
View From the Cab
View From the Cab
Ag Sees Clean Water Act Gap
"Easy Money Times Over"
No More Outlaw Vets
RFA: Big Oil Blocks Ethanol
View From the Cab
Castles in the Sky
Build a Better Business
Ask the Taxman by Andy Biebl