NEWS
Woodbury: Farm Family Business
Lance Woodbury DTN Farm Business Adviser
Tue Feb 19, 2013 01:36 PM CST

Grain farm returns and balance sheets have soared in recent years, far beyond anyone's reasonable expectations. Now the question of how family members should be compensated becomes a discussion point in many operations. Conservative operators know this Disneyland economy won't last forever, so they may want to stash reserves for the return to normal. Meanwhile, off-farm heirs or siblings see the operating income potential and sometimes wonder about returning to the farm. Spouses who sacrificed lifestyle during hard times and startups hope for a raise if not a new house.

While many families I know approach compensation relatively conservatively, they ...

Quick View
Related News Stories
View From the Cab
Pick Contingency Plans - 1
Taxlink by Andy Biebl
Woodbury: Family Business Matters
View From the Cab
Study Your Farm Bill Options
Profit Drain
Woodbury: Family Business Matters
Tips From a Custom Harvester
Russ' Vintage Iron