The sign-up period for Farm Credit East’s annual Winery Benchmarks program is now open! The Winery Benchmarks is a unique program for Northeast wineries to measure their businesses against wine industry peers. The program is now accepting registrations for the 2018 benchmark.
The program offers participants two report options: the Management Review report or an Executive Summary report. The Management Review report provides a highly detailed comprehensive report on every area of the winery business. The Executive Summary report requires less data for a reduced cost. It is ideal for wineries that are just getting started in the program and may not have all of the data required for the more comprehensive report.
Farm Credit East will host a meeting for benchmark participants at Ventosa Vineyards in Geneva, NY, on Tuesday August 7, 2018, which is included in the cost of the program. The meeting will cover several topics, including “Managing your wholesale relationship” presented by Sandy Waters. For most of her career, Sandy has represented Northeast wines for various distributors.
Registration for the 2018 benchmark is currently underway. Data will be required no later than June 29. If you are a past participant or new to the program, we invite you to contact your local Farm Credit East office to learn more. You can also contact the program’s director, Gregg McConnell, at Gregg.Mcconnell@farmcrediteast.com.
Farm Credit East is the largest lender to the Northeast wine and grape industry, lending more than $128 million to wineries and grape growers across New England, New York and New Jersey.