Farm Family Business: When Tragedy Opens Doors – DTN Jun 8, 2021

🕔Jun 8, 2021
Guy Schafer always wanted to be a farmer but never envisioned himself owning land. Now, he’s in the process of buying his first piece of ground, 48 acres with a […]

Farm Family Business: Younger Generations Should Return for Right Reasons – DTN Apr 27, 2021

🕔Apr 27, 2021
Having been a part of family-farm and ranch transition discussions for more than 25 years, I’ve witnessed many younger generation members return to — and occasionally leave — the family […]

Farm Family Business: Shed Bad Habits to Improve Management Transition – DTN Jan 11, 2021

🕔Jan 11, 2021
Understanding how habits are formed gives us the power to change our lives for the better. By implementing new behaviors and shedding bad habits, we can improve our health, our […]

Farm Family Business: Cooperation Key for Lasting Relationships, Businesses – DTN Jan 6, 2021

🕔Jan 6, 2021
Family businesses are full of competing interests. Parents who are also owners must make short-term financial decisions with an eye toward multigenerational survival. Siblings who are also coworkers must balance […]

Farm Business – Switching to Full-Time Farming – DTN Dec 11, 2020

🕔Dec 11, 2020
The farm profitability pie can only be carved into so many slices. Reid and Heather Thompson were very aware of the need to make sure they contributed to the servings […]

Family Business: For Family Farms, Pandemic’s Silver Lining – DTN Oct 29, 2020

🕔Oct 29, 2020
In business, the concept of margin implies some remaining amount of revenue or profit after accounting for expenses and is reflected in terms like “gross margin” or “profit margin.” But […]

Farm Succession: Legacy Assumptions, Management Decisions – DTN Aug 25, 2020

🕔Aug 25, 2020
Many family farms and ranches have been operating for generations, their presence a seemingly permanent marker on the geographic and relational landscape of the community. They take pride in decades […]

Indiana: Upcoming Family Farm Succession Planning Workshops Jan 16, 2020

🕔Jan 16, 2020
The Purdue Extension Succession Planning Team will offer the workshop “Farming Together: Enhancing Your Worth as a Farm Business Partner” this winter. The two-night program will guide family farm operators on planning […]

Iowa: Returning to the Farm Seminar, Ames, Jan. 10-11, Feb. 14-15 Dec 3, 2019

🕔Dec 3, 2019
Passing a farm operation to the next generation is usually one of the biggest and most challenging decisions farm families will ever make. Many things are at stake – money, […]

Farm Finances: 2020 Budgets – Don’t Forget Family Living Costs Nov 18, 2019

🕔Nov 18, 2019
In 2018, the total noncapital living expenses of 1,306 farm families enrolled in the Illinois Farm Business Farm Management Association (FBFM) average was $77,999–or $6,500 a month for each family. […]

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