313 | Partnering for Success: Positioning and Transitioning for the Next Generation at Sheadview Dairy
In this episode of the Uplevel Dairy Podcast, Peggy Coffeen is on-site at Sheadview Dairy in Berlin, Wisconsin, to talk farm transition and the partnership with a non-family member that will carry this dairy farm forward. Kevin Krentz, his son Marcus and partner Cory Biely, share insights on what it takes to redefine ownership and create a partnership that will allow this dairy to continue on successfully.
The conversation covers key aspects of transitioning the farm, including challenges, communication strategies, long-term goal setting, and the importance of legal structuring. This episode also highlights the significance of shared vision, respect, and continuous improvement in achieving a thriving 700-cow dairy farm.
We also hear from Sheadview's dairy nutritionist and consultant, Eric Staudinger, with NutriQuest.
This episode is brought to you by NutriQuest
The NutriQuest Dairy Nutrition Team is a group of experienced nutritionists committed to serving dairy producers by partnering with them to develop an un-biased, customized nutrition program that delivers maximum profitability, achieved through a holistic approach, engaging in all aspects that influence nutrition program success.
The NutriQuest Dairy Team is committed to serving the dairy industry and delivering their customers’ consistent results with a high return. Learn more at nutriquest.com/dairy-nutrition-solutions
00:47 Welcome to the Uplevel Dairy Podcast
01:54 Shead View Dairy: A Family Legacy
03:45 Kevin's Vision for the Farm
07:42 Partnerships and Expansions
16:56 Communication and Decision Making
32:08 Legal Steps to Forming a Partnership
33:25 Transitioning to an LLC
34:23 Share Structure and Ownership
36:19 Personal Growth and Financial Literacy
38:27 Operational Goals and Team Dynamics
40:26 Challenges and Successes in Dairy Farming
42:25 Forage Quality and Nutrient Management
54:44 Future Goals and Expansion Plans
01:01:48 Eric Staudinger: Advisor's Perspective on Dairy Success
