Posted by JD Seller on January 22, 2017 at 17:04:04 from (208.126.196.24):
In Reply to: the next generation posted by Hoofer B on January 22, 2017 at 16:41:52:
You need to educate your children well and give then the knowledge to make their own decisions about their lives. It is hard to not dominate them when they are younger but show them why and how you love what you do and then let them figure out what they want to do.
The real trouble comes in with asset transfer and generational growth. Your assets evenly divided among several children might make the business or farm unable to continue at a profitable level. So you need to look early into the next generation growing the business or farm so that it is still a viable operation. It is hard to do well and that is one reason many businesses and farms never get past the 2-3 generation.
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Today's Featured Article - Hydraulics - Cylinder Anatomy - by Curtis von Fange. Let’s make one more addition to our series on hydraulics. I’ve noticed a few questions in the comment section that could pertain to hydraulic cylinders so I thought we could take a short look at this real workhorse of the circuit. Cylinders are the reason for the hydraulic circuit. They take the fluid power delivered from the pump and magically change it into mechanical power. There are many types of cylinders that one might run across on a farm scenario. Each one could take a chapter in
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