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 […]

Succession Planning: Don’t Forget Your Bookkeeper – DTN Jul 1, 2020

🕔Jul 1, 2020
Succession planning in the family business often focuses on the operational leader — the person directing outside activities or making decisions about logistics, labor, planting or harvesting. The theory is […]

Pandemic Planning On The Farm: Put Contingencies In Place – DTN Apr 14, 2020

🕔Apr 14, 2020
Glen Newcomer’s accident in 2015 couldn’t have come at a more inconvenient time. It was the night before his annual customer appreciation dinner and soybean harvest was just about to […]

Farm Business: 5 Steps for a Successful Succession – DTN Jan 14, 2020

🕔Jan 14, 2020
At some point in your farming or ranching career, you begin to think about who will take over the business. You realize replacing yourself involves not just carrying on the […]

Family Farms: 3 Steps For Keeping Everyone On The Same Page – DTN Aug 30, 2019

🕔Aug 30, 2019
In helping families communicate about the future of their farm or ranch, we often run into conflicts between family members. These conflicts come from a variety of sources, such as […]

Farm Business: 4 Hurdles You Face – DTN May 1, 2019

🕔May 1, 2019
In a recent peer-group meeting, the owner of a medium-sized manufacturing business described the struggles in growing his enterprise for our farm audience. He referenced Doug Tatum’s book “No Man’s […]

Family Farm: 4 Key Elements for Successful Transitions Dec 12, 2018

🕔Dec 12, 2018
Everyone knows the importance of accountants, attorneys and wealth managers when planning the transition of the farm or ranch to the next generation. And, for good reason, as getting the […]

Farm Family Business: Building a Working Relationship is Hard Work – DTN Nov 8, 2017

🕔Nov 8, 2017
Usually, 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, 2017

🕔Sep 11, 2017
The 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 […]

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