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Q: How are family owned ranches, farms and growers different than
non-agricultural family businesses?
A: Agricultural-based family businesses have an additional burden
not experienced by other types of family businesses---namely, all
or most family members also live on the joint property
(some may live on adjoining pieces). Typically that same property
is often owned by the enterprise. Frequently there is little privacy
from parents, siblings, cousins or in-laws.
This most important 5th wheel---shared living space---can often
inflame or constrain conflicts in the other four overlapping realms
which family business owners must constantly negotiate with each
other to stay successful, and at peace with each other.
The four realms common to all family businesses
are:
|
Family realm
|
Management realm |
| Ownership
realm |
Individual
realm |
| Family ranches, growers
and farms typically must also manage: |
Shared or adjoining homes |
|
Typical Family Business
|
Agricultural Family Enterprise
|
 
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