Woodbury: Farm Family Business

Make or Break Decisions: The Compensation Message

Lance Woodbury
By  Lance Woodbury , DTN Farm Business Adviser
Some families may regret linking their compensation to the size of a mortgage or the number of children in the family. Need does not equate to performance, Woodbury cautions. (Photo by Atwater Village Newbie, CC BY 2.0)
Some families may regret linking their compensation to the size of a mortgage or the number of children in the family. Need does not equate to performance, Woodbury cautions. (Photo by Atwater Village Newbie, CC BY 2.0)
Excessive wages can give a family employee an over-inflated value of their worth to the business.

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Lance Woodbury

Lance Woodbury
About the Author