Set Your Farm Up for Long-Term Success (Part 2)
Setting your farm up for long-term success involves focusing on several areas of your family business. Read this second installment of my top 10 foundational elements for a successful enterprise.
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Lance Woodbury, a partner at Pinion (formerly K∙Coe Isom), a food and agricultural consulting firm, provides facilitation and mediation services to family-owned enterprises working through communication and conflict, succession and strategic planning, family giving, estate planning and governance.
Learn MoreSetting your farm up for long-term success involves focusing on several areas of your family business. Read this second installment of my top 10 foundational elements for a successful enterprise.
After consulting for decades with family farms and ranches, here are the first five (of ten) areas to consider when structuring your business for the future.
Business transitions between generations can be challenging. The senior and younger generations bring different strengths to the table, and while these strengths can be complementary, they are also diverse enough to pose problems.
Agriculture is a cyclical business. Consider these contingency-planning strategies if you are working through a downturn in your business.