Indiana: 10 Farm Succession Planning Workshops in Jan., Feb.

🕔Jan 14, 2019Purdue Extension will offer 10 regional workshops on succession planning this winter. These meetings will teach family farm businesses how to plan for a transfer to the next generation.  Subjects explored […]

Illinois Farm Family Business: 2019 Budgets – Don’t Forget Family Living Costs

🕔Oct 22, 2018In 2017, the total noncapital living expenses of 1,219 farm families enrolled in the Illinois Farm Business Farm Management Association (FBFM) average was $79,798–or $6,650 a month for each family. […]

Family Farm: “Minor Events” Can Cause Major Problems – DTN

🕔Jul 18, 2018Many of these columns have focused on big, strategic moves family businesses should make to enhance their success with estate plans, management succession, family employment, compensation, governance and conflict management. […]

Farm Family Business: Building a Working Relationship is Hard Work – DTN

🕔Nov 8, 2017Usually, when we think of business partners, we think of people who work together because their skills and personalities complement each other so value is enhanced. For example, one partner […]

Farm Family Business: To Be Successful, Don’t Act Like Family – DTN

🕔Sep 11, 2017The best qualities of being together as a family can have disastrous implications for being together in a business. The strengths of history, relationship, affection and inclusion, when carried too […]

Family Farm: 3 Ideas to Make Estate Planning Less Horrible – DTN

🕔May 17, 2017If 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. […]

Farm Business: Share Facts, Not Assumptions – DTN

🕔Apr 10, 2017Of the many dangers that exist in the family business, untested assumptions are one of the greatest. In the absence of any real discussion, and because of intimate relationships and […]

Oklahoma: 5 Decades of Farming in Kingfisher County

🕔Feb 6, 2017As hard as it might be to imagine, 75-year-old Ruelle Kinslow’s current Kingfisher County address is the only one he’s ever known. A sturdy, metal-sided barn now occupies the space […]

Farm Business: Sweat Equity – Good Compensation for Returning Family?

🕔Jan 16, 2017The term “sweat equity” is used frequently in discussions of the contributions of an off-farm heir to the value of the family owned business. Sweat equity arises in part when […]

Farm Business: Family Limited Partnership as a Business Structure?

🕔Sep 22, 2016I’ve written about limited partnerships as a business structure previously, but let’s review.  A limited partnership is made up of at least one general partner and one or more limited […]

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