FARM LIFE NEWS
Woodbury: Family Business Matters
Lance Woodbury DTN Farm Business Adviser
Mon Jun 23, 2014 01:24 PM CDT

I'm fond of saying that good succession planning doesn't lend itself to one-size-fits-all solutions. Every family may face similar issues such as retirement, land transitions, off-farm heirs, returning family members, growth opportunities or even spousal conflict. Yet each family's history, relationships, culture, business strategy, expectations, personalities and assumptions combine to form a unique, dynamic and evolving transition challenge. Solving the succession puzzle is akin to constantly turning a Rubik's Cube, only to realize that making all sides a solid color is eternally elusive!

While succession has its share of complexity, there are several simple practices that can have an immediate ...

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
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
View From the Cab