Management

Many dairy farm businesses are family-run operations that span over multiple generations. While the joy of working with family can be rewarding, challenges often arise on personal and professional levels.

Per-capita cheese consumption set another record high of 38.3 pounds in 2019. This is according to the USDA’s Economic Research Service annual dairy product per-capita consumption report, released in September.

The 2020 coronavirus (COVID-19) pandemic has certainly left many Americans scrambling and having to make lifestyle changes they never expected. While many Americans are left without jobs, there are lots of “essential” employees still working.

A weary-looking farmwoman waits patiently in line, making sure she is the last one to speak to me privately after my keynote address one day.

Bob, a dairy farmer colleague of mine, operated a successful 600-cow dairy. Like most of us, he thought he had a lot more time left in this world.

Editor's note: An update to this article has been added to the end, incorporating an Internal Revenue Service ruling after the original article appeared.

This year is shaping up to be one of the most interesting tax years in a long time.