Lance Woodbury

DTN Farm Business Adviser
Lance Woodbury

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.

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  • An inherent desire by most parents to treat children equally does not easily lend itself to assets that are tied to business operations, particularly if everyone did not return to the business. (Progressive Farmer photo by Getty Images)

    Family Business Matters

    If you own land, livestock and equipment, the question of how to be fair when transitioning assets to the next generation is one of the most difficult subjects you face.