Strong friendships provide crucial emotional support, accountability and shared wisdom that can help senior generations navigate difficult leadership transitions.
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.Recent Blogs by Author
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Family Business Matters
Family business succession is about more than transferring assets. A meaningful legacy also reflects your values, strengths, sense of purpose and the example you leave for future generations.
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Family Business Matters
Estate tax mitigation strategies, like placing farmland in LLCs or trusts, can reduce tax burdens but may complicate family relationships through shared ownership and unclear exit strategies.
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Family Business Matters
Most farm and ranch owners want to pass on their legacy but avoid the conversation. Unspoken fears about leadership, retirement finances and personal identity can quietly kill succession plans.