NEWS
Woodbury: Farm Family Business
Lance Woodbury DTN Farm Business Adviser
Fri Jan 10, 2014 12:24 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, a new, faster method of testing soybean cyst nematode samples is...
  • Competing for Dollars Beef has some catching up to do, but there is opportunity ahead.
  • Ask the Taxman by Andy Biebl Readers pose tax questions on how to justify repairs, handle capital gains on a residence and com...
  • Senior Partners - 1 Think how rural communities could rejuvenate if farmland rents stayed local rather than flowing t...
  • $3 Corn Subdues Bids March auctions show cash rent shocks could mount in 2016.
  • Nutrients Ruling A federal appeals court Tuesday ruled that a lower court could not order EPA to make a decision o...
  • West, Texas: 2 Years Later - 1 Two years after the ammonium nitrate explosion at West Fertilizer Co. in West, Texas, state offic...
  • West, Texas: 2 Years Later - 2 While federal and state governments did not mandate more regulations when it comes to storing fer...
  • Ask the Vet The vet says my cow has anaplaz, which I've never heard of before. What is it?
Related News Stories
Minding Ag's Business
Minding Ag's Business
Ag Interest Rate Snapshot
Klinefelter: By the Numbers
Klinefelter: By the Numbers
Port of Portland Loses More Business
Woodbury: Family Business Matters