NEWS
Woodbury: Family Business Matters
Lance Woodbury DTN Farm Business Adviser
Mon Aug 11, 2014 11:05 AM CDT

You need to answer one question to get everyone to work together, think about the future and take action.

Working together in a family business is no easy task. Multiple roles, complex relationships and conflicting histories merge to form what meteorologists call a perfect storm -- a difficult state of affairs arising from unpredictable causes -- in your family's interaction. The concepts of fairness and equality become so muddy that any attempt at principled decision-making goes awry. And finding the time to work on succession and estate planning, when even the daily business decisions seem overwhelming, is as elusive as ...

Quick View
  • Stay on Top of SDS The distinctive yellow patches of sudden death syndrome (SDS) are surfacing in soybean fields acr...
  • Cattle Market There may be a little less bull in this fall's calf market, but the fundamentals still spell oppo...
  • Precision Ag Potential Pending Precision agriculture proponents insist the industry can revolutionize agriculture, but first mor...
  • Cash Rent Reset - 2 Iowa farmland owners Fred and Lodean Cook may consider flexible cash leases for the first time th...
  • Iowa Land Gets a Bounce Key Midwest land values are stuck in neutral or sliding below 2014 levels, recently released opin...
  • Canadian Dairy Conundrum Coping with Canada's dairy industry import tariffs and supply controls remains one of the stickin...
  • Senior Partners - 5 This fatherly financial advice is meant to prevent heartaches should the farm economy suffer anot...
  • Ask the Taxman by Andy Biebl CPA Andy Biebl answers readers' questions on depreciation recapture, defining a "true" lease and ...
  • Ask the Vet Does my calf have a hernia and is it repairable?
Related News Stories
View From the Cab
Got Cheese?
Net Farm Income Falling Fast
Ask the Taxman by Andy Biebl
Senior Partners - 5
Russ' Vintage Iron
View From the Cab
China's Shrinking Hog Herd
Neonics in Water
Training for Sustainability