Get the Right Stuff in Family Transition

December 18, 2011 in Management Issues in Family Business

A few weeks ago, I moderated a breakout session at DTN's annual Ag Summit where two members of Lenz Farms of Wray, Colo., described their family farm's "boot camp" for beginners. With eight partners, five employees, 22 children who grew up on the farm and multiple in-laws, they needed a formal transition plan.