NEWS
Woodbury: Farm Family Business
Lance Woodbury DTN Farm Business Adviser
Mon Feb 24, 2014 10:54 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
  • Enlist Cotton Approved USDA has made its final decision to deregulate Dow AgroScience's Enlist cotton trait, which means...
  • Market Moves Weaning and preconditioning top the list of aggravating and expensive chores for most ranchers. C...
  • Ask The Mechanic Ask the Mechanic answers the question about how VW and German engineering was able to get by with...
  • Senior Partners - 4 Except for family sales, seller financing virtually vanished after the farm crisis of the 1980s w...
  • PNW Ag Hit by Historic Drought In addition to problems with the Northwestern wheat crop, cattle are also being adversely affecte...
  • RFS Deadline Nears With the deadline to file comments on the proposed Renewable Fuel Standard volumes to strike at m...
  • Woodbury: Farm Family Business Agendas don't always lead to immediate decisions, but can still cement your family unity.
  • Multi-Year Losses Spur Concern The recent price rally offered growers a welcome opportunity to price 2014 and 2015 crops, but it...
  • Ask the Vet The vet says my calf had Mannheimia. What is that?
Related News Stories
View From the Cab
Multi-Year Losses Spur Concern
Senate Panel OKs Tax-Extenders Bill
A Tough Country
Russ' Vintage Iron
View From the Cab
View From the Cab
Batten Down the Hatches
USDA Redefines "Wealthy" Farms
KC Fed Chief: Raise Interest Rates