In addition to capital, attitude and behavior are two other components to the farm business ownership equation that need to be considered.
Farm Family Business
All Column Articles
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by Lance Woodbury , DTN Farm Business Adviser
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by Lance Woodbury , DTN Farm Business Adviser
How well do family members really "know" one another in terms of feeling heard or valued.
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by Lance Woodbury , DTN Farm Business Adviser
When it comes to managing a business, family businesses often struggle to discuss several key issues, including compensation, individual performance and transitions.
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by Lance Woodbury , DTN Farm Business Adviser
Consider new ideas and choices today that may represent new frontiers for your farm-based company as you contemplate the future of your family business.
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by Lance Woodbury , DTN Farm Business Adviser
A workquake is a time in your life when your work story changes, when what you do for a living is interrupted in some way. And it can be at the heart of your management succession.
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by Lance Woodbury , DTN Farm Business Adviser
Forgiveness is important to all of us, but it is especially important, and often difficult and emotional, in a family business.
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by Lance Woodbury , DTN Farm Business Adviser
Of the many things you intend to give the next generation, perhaps nothing has as much potential permanence as the principles and philosophies you leave behind.
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by Lance Woodbury , DTN Farm Business Adviser
In family-farm and ranch transitions, valuable gifts accumulated over a lifetime are an integral part of estate-planning strategies. Here are some discussions and processes to consider as part of your transition.
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by Lance Woodbury , DTN Farm Business Adviser
Delaying a successor coming back to the farm will give her or him the necessary education, perspective, skills and experience to eventually become a successful leader of the family business.
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by Lance Woodbury , DTN Farm Business Adviser
Life is full of transitions. These ideas to help navigate business transitions and succession may prove helpful.
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by Lance Woodbury , DTN Farm Business Adviser
The family business may or may not be the cause of a family member's addiction, but there is no doubt that being in business with family shapes the trajectory of addiction.
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by Lance Woodbury , DTN Farm Business Adviser
Family values can threaten the effective functioning of a family enterprise when those values conflict with otherwise successful business practices.
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by Lance Woodbury , DTN Farm Business Adviser
Sacrificial behavior is often expected in a family business. Consider types of sacrifices and how they apply to your family's company.
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by Lance Woodbury , DTN Farm Business Adviser
The new year has begun, and as you contemplate the coming months, here are eight ideas to bolster your management-succession and estate-planning efforts.
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by Lance Woodbury , DTN Farm Business Adviser
Here are the ownership conversations you should have with your spouse and as a family.
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by Lance Woodbury , DTN Farm Business Adviser
Being cut off from a family member is both painful and embarrassing, and there are few people with whom you can discuss the issue, but there are books that address the dilemma.
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by Lance Woodbury , DTN Farm Business Adviser
Non-family members can bring out the best in your closely held company.
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by Lance Woodbury , DTN Farm Business Adviser
One of the hardest tasks in a family business is transitioning relationships to the next generation.
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by Lance Woodbury , DTN Farm Business Adviser
Exploring your options can lead to unexpected solutions to reconfigure ownership and management.
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by Lance Woodbury , DTN Farm Business Adviser
This year is a good time to consider your future ownership transition.