NEWS
Woodbury: Family Business Matters
Lance Woodbury DTN Farm Business Adviser
Fri Jun 20, 2014 11:09 AM 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
  • Betting on Shorter Beans Researchers at the University of Nebraska and Purdue University have pinpointed a gene that produ...
  • Super Food Silage has never gone out of fashion in Bath County, Kentucky, even when the lure of $6- to $8-pe...
  • Farmers Pivot Back After Storms The majority of center pivots damaged by severe weather earlier this summer in Nebraska are up an...
  • Pick Contingency Plans - 3 As crop prices and insurance coverage swoon, farmers may need to supplement incomes with federal ...
  • Weathering the Drought Parts of the panhandle and western Oklahoma are still considered as being in extreme or exception...
  • AFBF Appeal The American Farm Bureau Federation asked a federal appeals court to reverse a lower court's Sept...
  • Pick Contingency Plans - 2 Commodity payments are largely capped at $125,000 per person. People must also report under $900,...
  • Ask the Vet Some tips on fly control.
Related News Stories
Woodbury: Farm Family Business
Klinefelter: By the Numbers
Ag Interest Rate Snapshot
Tyson to Sell Heinold Unit
US Farm Incomes Forecast to Fall
Minding Ag's Business
Minding Ag's Business
DTN Ag Business Benchmark
Rents Resist Price Relief
Minding Ag's Business