Farming with the family: Joys and challenges

Though it's undeniably wonderful to work a farm side by side with your family and be able to take pride in your family-run business, it doesn't come without its challenges. The challenges presented by working with family members often aren't the kind of issues you'd experience in a non-family business.

CEO Darren Frye shares an example of a family farm that found itself in a conundrum when one-by-one the farmer's grown children decided they wanted to return to the farm. It sounds like a great problem to have, but it presented a real issue of whether their return was even financially feasible. It might be another family member, but it's also another farm employee; and it may be a family business, but it is a business after all.

Read more about dealing with this and other family business issues in Darren's current Finance First column at Farm Futures.