Editor's Picks
Tag: farm family
Farm Business – Switching to Full-Time Farming – DTN 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 Farm Succession: Why Can’t We All Just Get Along? 3 Reasons – DTN Oct 26, 2018
Many family-farm and ranch owners define one aspect of success as the transition of the land and operating business to the next generation. “The opportunity for my kids and grandkids […]
Family Farm: “Minor Events” Can Cause Major Problems – DTN Jul 18, 2018
Many 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. […]
Illinois: Farm Family Expenses Budgeted on a Per Acre Basis Mar 19, 2018
Family living expenses are not a tax-deductible expense of the farm business, but they must be budgeted for to sustain the living expense of the farm operator and their family. […]
Farm Family Business: A Key Skill for Success is Self-Awareness – DTN Jul 18, 2017
I’m often asked if there are predictors of family business success. In other words, if a family performs certain actions, is it likely to keep the farm or ranch intact […]
Iowa: Study Examines the Importance of Non-Farm Income to Farm Families Jan 31, 2017
Background: Type of Farm- Net Farm Income Variation A recent study (“Income Trends for Iowa Farms and Farm Families 2003-2015“) by David Peters, associate professor and extension rural sociologist with […]
Farm Business: Improving Family Relationships – 5 Techniques – DTN Jan 27, 2017
In a recent column on goal setting, I suggested three areas of focus for the New Year: improving relationships, increasing family communication and capturing and sharing major life lessons or […]
Family Business: The Dark Side of Farmland Ownership – DTN Oct 24, 2016
In a recent article, I suggested that land was a special part of a farm or ranch family’s legacy. Land provides multiple benefits to families, communities and societies, it connects […]
Farm Transition: Choosing the Right People – 3 Signs to Help – DTN Aug 4, 2016
Management and ownership transitions involve a vast number of business activities. Care must be taken with daily operations, people management, family relationships, finance and accounting and taxes, agronomy, animal health […]
Farm Estate Plan: Top 10 Blunders to Avoid and Keep Your Family Together – DTN Jun 3, 2016
Even the rich and famous make mistakes when it comes to estate planning. Consider the iconic musician Prince, 57, who died without a will in April. The main beneficiaries of […]
