A Different Kind of Risk
Farming and ranching today have plenty of "hard risk," that is, those tangible elements that make such a difference in whether one has a good year or a bad year. For example, marketing risk, weather...
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Leadership on Boards:Understanding the Life Cycle of Directors
October 1, 2009 in Other Publications and Promotions
Throughout their term as directors, board members make different contributions to the strategic, performance and leadership issues facing the civic, charitable or business organization.
Nuts and Bolts of Family Dialogue
April 1, 2008 in Conflict Resolution and Communication in Family Business
After facilitating hundreds of family meetings in the past dozen years, I have found a number of common agenda items that would serve any family well to discuss. With the current volatility in...
Ensure Effective Family Meetings
March 1, 2008 in Conflict Resolution and Communication in Family Business
Our last column was about getting people to see (or agree) that the communication process is important in a family business. Once family members agree that talking about their business and family is...
Ready or Not, Communicate Now
February 1, 2008 in Conflict Resolution and Communication in Family Business
We often use this column to write about the importance of communication. Whether the subject is succession, business planning, goal setting, marketing or tax decisions, or just the ongoing nature of...
Plan Succession Strategy This Winter
January 1, 2008 in Succession and Estate Planning
Although winter may not bring as much downtime as in the "old days," the season does allow an opportunity to reflect on what is working in your business. Winter also affords a chance to consider your...
Succession Without A Successor
June 1, 2007 in Succession and Estate Planning
Succession planning often focuses on how best to transition the management and ownership of a business to the next generation. However, trends suggest that for many farmers and ranchers, the next...
Gain New Perspective on Risk and Reward
March 1, 2007 in Management Issues in Family Business
With current grain prices at historic highs, many farmers face exciting opportunities. For those in the cattle business, however, the same high grain prices create uncertainty and perhaps a greater...
Create a Buy-Sell Agreement to Ease Unexpected Transitions
December 1, 2006 in Succession and Estate Planning
IN a multigenerational or multiple-partner farm or ranch, it is important to consider the ramifi cations of a partner exiting the business.
Successfully Transfer the Farm's Assets
July 1, 2006 in Succession and Estate Planning
Last month's column focused on the management aspects of succession planning: reducing management time, letting go of decisions and assessing the management capabilities of the next generation. Now...
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Ag Progress Dispatch
Learn, be challenged and reflect with our regular and distinctive writing on family business principles, generosity and faith.