NEWS
Woodbury: Farm Family Business
Lance Woodbury DTN Farm Business Adviser
Wed Dec 4, 2013 02:54 PM CST

In my last column, I wrote about the "soft issue" of communication: Family business members need to take time to discuss their goals, plans, values, expectations and the culture of the business. Because partners generally know each other well and have spent significant time together, they take agreement on such topics for granted. The result is often frustration and conflict as differences arise during harvest or at family gatherings, instead of emerging during a time of focused discussion and structured dialogue.

Another difficult soft issue in the family business is the return of family members to the enterprise. Bringing a ...

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Woodbury: Family Business Matters