In this episode of the UpLevel Dairy Podcast, host Peggy Coffeen welcomes back guest Leland Kootstra, an accountant well-versed in the dairy farming business sector and founding partner of Frazer, LLP. The dialogue offers a trove of wisdom for generational dairy farmers, focusing on the skills needed to take over the helm and steer their family businesses to new horizons. Leland emphasizes the importance of meticulousness in business operations, where an in-depth understanding of costs, schedules, and right-sizing is crucial for superior management. He also brings to light the significance of integrating robust risk management strategies to hedge against uncontrollable market volatility. The three things that Leland sees the top 10% of dairy farmers doing are: Being extremely knowledgeable on the details of the business Having an action plan around risk management Being cognizant of what it takes to be a reputable business This episode is brought to you by HighGround Dairy HighGround Dairy provides global dairy market intelligence, insurance services, futures & options brokerage, and advisory programs to a diverse range of dairy market participants throughout the supply chain. Learn more about them below or at ⁠https://www.highgrounddairy.com/⁠.

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