Dealing with family members
In family businesses, combining the desire and drive of the younger generation with the capital and financial management skills of the older generation creates a very efficient business structure. However, everything is not always sugar and spice. Rifts in the organization can occur if the parties cannot reach agreement on key decisions. FULL STORY »
Litigation: Are you prepared?
All facets of our daily lives have the imprint of lawsuits upon them. Tobacco, HMOs, the firearms industry, and automobile safety issues are just a few cases in recent history that come to mind. In the dairy industry, lawsuits have occurred because of feed issues, stray voltage and vaccination failures. FULL STORY »
Is your operation prepared for a natural disaster?
As a dairy owner that endured three of the four hurricanes that affected the Southeast this year, it became apparent that as a society we take for granted many aspects of daily life. FULL STORY »
Don't forget to manage your liquidity
Each fall, I teach an agricultural finance course using a textbook, “Financial Management in Agriculture,” written by Professor Peter J. Barry and others. FULL STORY »
4 reasons why California producers continue to thrive
Once again, california dairy is on the move. Both cow numbers and milk per cow are on the rise. FULL STORY »
What the new tax law changes mean to you
The recently enacted Jobs and Growth Tax Relief Reconciliation Act delivers a $330 billion tax and economic growth package to stimulate the U.S. economy. FULL STORY »
Avoid these blunders in estate planning
Here are two of the biggest estate-planning mistakes I see as I consult with families throughout the U.S. Use this information to make sure that you don’t repeat them. FULL STORY »