Woodbury: Farm Family Business
Lance Woodbury DTN Farm Business Adviser
Mon Mar 17, 2014 12:19 PM CDT

This winter I was talking with a business owner as he was describing his management succession plan. When he finished, he asked, "Do you think I'm on the right track?" He was looking for confirmation that the way he had gone about the process -- and the result it created -- seemed logical. I told him it appeared reasonable, but if he wanted real insight, he ought to float his plan by some of his peers. Perhaps we could have a meeting with a couple of other business owners he respected? Almost before I finished my sentence, he jumped on ...

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