NEWS
Woodbury: Farm Family Business
Lance Woodbury DTN Farm Business Adviser
Fri Sep 4, 2015 07:01 AM CDT

Although agriculture has been practiced for thousands of years, only in the last few decades have a significant number of large-scale production operations emerged. To cope with the changes brought about by recent growth, many farming and ranching businesses are trying to become more professional in their approach, while at the same time implementing new forms of decision-making that involve multiple siblings, cousins or even non-family members.

New approaches to business management -- what I consider "system upgrades" -- include human resource policies and strategies, access to capital, risk management tools, establishing a board, technology platforms and accounting systems. But ...

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