Michelle Painchaud offers advice on managing the farm like a business, motivating employees through leadership and appreciation, and vision and goal setting.
With larger, more complex farms and fewer family members in the game, it’s more common to look outside the family for help. Here’s what you should know when looking for a worthy business partner.
Discussing prenuptial agreements and other legal formalities might cause some to squirm, but advisers say they’re a good way to help protect the longevity of a farm business.
Family farm. The name says it all. Some, if not all, workers involved in farms across the country are members of the same family.
Family dynamics can play a huge role in what occurs in the family farm business.
Working with family in the farm business is not the same as working with employees you don’t share a blood bond with.
Working with a farm adviser is more than a one-on-one conversation. Multiple interests, backgrounds and expertise can combine to help move a farm forward.
Incorporating your farm may seem like a good idea, but your future business decisions could be greatly impacted.
Life insurance can't change unfortunate circumstances, but it can soften the blow and give your family time to heal when the unthinkable happens.
A business plan is a key tool that can set you up for business success. Here’s what you need to consider to create a great one.