It is a well-documented fact that 65% of all family businesses fail after two generations, and 90% fail after three generations. Not only does the business fail, but so does the family harmony, which is truly the sad news.
Map out the future of your farm to navigate business transition
Going from milking 80 cows to 1,200 has been a fulfilling experience, with quite a bit of wisdom picked up along the way for Indiana dairy farmer Brian Rexing.
The Tax Court released a case earlier this week (Embroidery Express LLC TC Memo 2016-136) that provides very good advice on how to pay your children (or how not to pay them).
Challenging times can also be opportunistic times. Yet these opportunities involve risk. Before farmers commit to them, they need to conduct a critical self-appraisal. Here are 10 questions to consider.
THE HOMEPAGE OF AGRICULTURE
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