Woodbury: Farm Family Business
Lance Woodbury DTN Farm Business Adviser
Mon Feb 17, 2014 11:30 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
Related News Stories
Ag Interest Rate Snapshot
Minding Ag's Business
Minding Ag's Business
Settlement Reached in Texas Blast
Co-ops See Record 2014 Income, Revenue
Harnessing Drones
Monsanto Posts 4Q Loss
Taxlink by Andy Biebl
Groups React to TPP Deal
Negotiators Reach TPP Deal