NEWS
Woodbury: Farm Family Business
Lance Woodbury DTN Farm Business Adviser
Wed Jul 25, 2012 04:41 PM CDT

Over the years I've witnessed a number of family business members work for a very low wage in anticipation of a financial or farmland windfall at some later point in their career. They are promised -- or they assume -- they will receive a greater-than-equal share of the farm or estate as compared to their off-farm siblings because they stayed on the farm. However, the windfall they often experience is one of resentment and frustration toward the parents, of conflict between siblings and sometimes the feeling of a wasted career.

In a number of cases, family members were never in ...

Quick View
  • Betting on Shorter Beans Researchers at the University of Nebraska and Purdue University have pinpointed a gene that produ...
  • Super Food Silage has never gone out of fashion in Bath County, Kentucky, even when the lure of $6- to $8-pe...
  • Farmers Pivot Back After Storms The majority of center pivots damaged by severe weather earlier this summer in Nebraska are up an...
  • Pick Contingency Plans - 3 As crop prices and insurance coverage swoon, farmers may need to supplement incomes with federal ...
  • Weathering the Drought Parts of the panhandle and western Oklahoma are still considered as being in extreme or exception...
  • AFBF Appeal The American Farm Bureau Federation asked a federal appeals court to reverse a lower court's Sept...
  • Pick Contingency Plans - 2 Commodity payments are largely capped at $125,000 per person. People must also report under $900,...
  • Ask the Vet Some tips on fly control.
Related News Stories
Obama Plans Own Action on Immigration
Clean Water Act Rule Clarity Sought
Labor Pains - 4
Labor Pains - 3