NEWS
Woodbury: Farm Family Business
Lance Woodbury DTN Farm Business Adviser
Thu Aug 28, 2014 06:21 AM CDT

As we head into a season of lower commodity prices for grain producers, concerns about financial margins can cause stress among owners in a closely held business. A seemingly endless list of issues emerges: determining financial priorities; challenging one another's assumptions about what the business really needs; understanding the risks associated with certain growth opportunities; communicating with nervous lenders, vendors or landowners; responding to employee's requests for additional compensation and more. The impact of all these, and others, can result in a feeling of being overwhelmed. And when people feel overwhelmed, they tend to lash out at those to whom ...

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