
Family Business Matters
Younger generations should return to the family farm for the right reasons.
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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.Younger generations should return to the family farm for the right reasons.
The pain of broken relationships runs deep and is often passed to future generations through stories or silence. If that happens, what might bring people back from alienation?
The pain of broken relationships runs deep and is often passed to future generations through stories or silence. If that happens, what might bring people back from alienation?
The senior generation should consider these tips to help pass the farm business to the next generation.