Family Business Matters
Transitioning a family business can be tricky, but certain strategies can balance the high-quality input of the senior generation with the emerging confidence of the younger generation.
Lance Woodbury
DTN Farm Business Adviser
Lance Woodbury is an adviser to family-owned and closely held businesses, including farm businesses. He helps them plan for the future and implement ownership or management strategies that improve their effectiveness.
He also has an interest in his family's ranch near Garden City, in western Kansas.
From 1996 to 2009, Lance led the family-business-consulting efforts of the regional accounting firm Kennedy and Coe. He also managed several offices, led the firm's largest practice group, and served on the firm's management board and its human resource committee.
Lance earned his MBA from Purdue University, his MS in Conflict Analysis and Resolution from George Mason University, and a BA in History and Government from Sterling College. He is a graduate of the Kansas Agriculture and Rural Leadership program and holds a Certificate in Family Business Advising. Lance is a member of the Association for Conflict Resolution and is a Fellow of the Family Firm Institute.More From This Author
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Family Business Matters
Agriculture is a cyclical business, and row-crop economics are facing headwinds. Here are a few contingency-plan categories to consider if you are working through a downturn on your farm or ranch.
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Family Business Matters
DTN Farm Business Adviser Lance Woodbury highlights several areas beginning farmers and ranchers should consider when setting up their businesses for long-term success.
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Family Business Matters
Agriculture is a cyclical business, and row-crop economics are facing headwinds. Here are a few contingency-plan categories to consider if you are working through a downturn on your farm.
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Family Business Matters
Transitioning a family business can be tricky, but certain strategies can balance the high-quality input of the senior generation with the emerging confidence of the younger generation.
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Family Business Matters
When contemplating how to help a family member financially, consider the following tips so the blessing of assistance doesn't become a source of severe conflict.
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Family Business Matters
Agriculture is a cyclical business, and row-crop economics are facing headwinds. Here are a few contingency-plan categories to consider if you are working through a downturn on your farm.