NEWS
Marcia Zarley Taylor DTN Executive Editor
Thu Jul 17, 2014 10:01 AM CDT


Why Succession Plans Stall

Today I'm again bantering with family business mediator and DTN-Progressive Farmer Columnist Lance Woodbury on farm family succession tips. Based in Garden City, Kan., Lance has been facilitating business transitions and mentoring heirs for more than 20 years. As a professionally trained mediator, he knows the complexity and emotions involved in talking out priorities and managing personal dynamics. Often, it's the psychological barriers that block effective transition plans.

Taylor, DTN: Lance, I hear a lot of 20- and 30-year-old producers frustrated at the pace they transition into an existing family business. Some feel their ...

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