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the next generation<br />
to start buying into the business.<br />
We came up with a value based on<br />
yearly net income. When the time<br />
comes that Tyler would want to buy<br />
more shares, a new value would be<br />
calculated based on current net income.<br />
We, also, formed a Revocable<br />
Trust and a LLC to help implement<br />
our transition plan.”<br />
When Tyler started his official career<br />
with <strong>Eastern</strong> <strong>Iowa</strong> A.I., he lived<br />
in the rustic cabin that sits by the<br />
pond beyond the Petersen’s house<br />
and A.I. barns and labs.<br />
“We thought we’d try things out<br />
for a year or so; it went really well,”<br />
Sue said, noting that Tyler ended up<br />
staying in the cabin for seven years.<br />
(He now lives at a house in town just<br />
minutes away.)<br />
After two years, Doug and Sue<br />
changed Tyler’s pay structure from<br />
a flat rate hourly wage to a salary<br />
You care about your crops<br />
We care about your health<br />
Our Pharmacist Team:<br />
(Above) Angie Spannagel<br />
and Connie Connolly.<br />
(Right) Jessie Johnson,<br />
Matt Osterhaus, Marilyn<br />
Osterhaus, Tammy Bullock<br />
and Farah Towfic.<br />
Open Mon. - Sat. 8-6<br />
Sun. 9-1<br />
osterhausrx.com<br />
Let us help you stay healthy and ready for harvest this fall.<br />
Osterhaus Pharmacy<br />
918 W. Platt | Maquoketa, Ia | 563-652-5611<br />
78 <strong>Eastern</strong> <strong>Iowa</strong> <strong>Farmer</strong> | fall <strong>2017</strong>
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