
Family Business Matters
This year, commit to a range of investments in key people, financial knowledge and future transitions.
Oil prices were little changed to end the week on Friday but were on track for their first weekly gain in three weeks, and the largest since...
USDA National Agricultural Statistics Service released its 2025 county-level cash rent data on Friday. DTN found in the listing that Illinois...
A hub of mental health information and resources for farmers, ranchers and their families.
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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.This year, commit to a range of investments in key people, financial knowledge and future transitions.
Family farm or ranch operations can leverage rural networks, promote flexible family culture and offer creative benefits, such as housing assistance or ownership opportunities to attract and retain quality employees.
Succession is often narrowly framed as the movement of assets to the next generation. While such planning is important, there are nonfinancial issues, also, to consider.
There are things you can create today that are powerful in terms of legacy and your impact on others.