Jim Casler
Jim Casler
North Coast Ag Advisors
Family Business Planning

231-218-7525

Know Your Numbers. 
Know Your Business.
  • Home
  • Financial Management
  • Succession Planning
  • Newsletter
  • About
    • Testimonials
    • In The News
  • Contact

Michigan Winery Benchmark Program Launched

5/6/2015

0 Comments

 

Press Release

TRAVERSE CITY, MI - May 5, 2015 – North Coast Ag Advisors, GreenStone Farm Credit Services and Farm Credit East are pleased to announce the launch of the Michigan Winery & Vineyard Benchmark Program for Michigan winery and vineyard owners and managers.
GreenStone is the sponsoring underwriter of the program while Farm Credit East provides the
technology tools for data analysis.

Press Release - Michigan Winery Benchmark Program
A first of its kind in Michigan, the program is designed for winery and vineyard business owners and managers to help them better understand their competitive position in the marketplace, provide insight into industry trends and assess the financial implications of their growing, wine-making and marketing strategies, decisions and practices.

Jim Casler, President of North Coast Ag Advisors comments, "This program helps continue to launch Michigan forward as a world-class wine-producing region. The West Coast has long had industry benchmark programs like this. Now is Michigan's time."

North Coast Ag Advisors serves as the primary contact for winery and vineyard owners and managers; collecting and analyzing business data, conducting an annual conference and performing one-on-one review sessions with each participating winery and vineyard.

"As the fourth largest producer of grapes in the nation, it's time for Michigan winery owners, the investment community and the industry at-large to have access to Michigan specific data to help best understand the industry and help it grow. As a sponsor of the program, we've committed ourselves to better understanding this industry to help support our members." says Tyson Lemon, GreenStone vice president of commercial lending.

Eligibility for participation is based on the winery's ability to provide accurate financial and operational information about their business. In order to maintain program participant confidentiality, all data is scrubbed of any identifying information and then analyzed to determine financial ratios, operating efficiency and other key performance indicators. The data from all program participants is then gathered together to produce an annual industry report. An annual conference is held to share the findings, followed-up with one-on-one consultations with each winery.

Gregg McConnell directs the North East winery benchmark for Farm Credit East, ACA.  Gregg explains “We’re excited to provide the technology to get the Michigan Winery Benchmark going with our colleagues Greenstone Farm Credit and North Coast Ag.  The program has been a great assistance to wineries in the North East for the past 7 years, and now through collaboration the impact is expanding to Michigan.  A key to its success is confidentiality, and North Coast Ag will provide strict confidentiality which is important to winery owners.”

Casler further adds, "The information in the annual report and the individualized follow-up analysis is not easy for the average winery owner to obtain. In fact, it's been almost impossible until now. Since most of the 100-plus wineries in Michigan are privately owned, the information just isn't out there like it would be if they were all public companies."

Linda Jones, Executive Director of the Michigan Grape and Wine Industry Council provided "Our office must receive at least half a dozen inquiries a year for this kind of information. I am guessing that several of Michigan's winery and vineyard owners will take advantage of this program."

The Michigan Winery Benchmark Program is now officially launched and will continue for at least the next three years. A goal is to attract at least a 20 percent participation rate with all eligible wineries and vineyards.

For more details and qualification information, visit www.JimCasler.com/wine.

About the North Coast Ag Advisors
North Coast Ag Advisors, based in Traverse City, Michigan, is an advisory firm specializing in work with small and medium-sized family-owned farms and agribusiness companies with business planning, financial management, succession planning and is home to the Michigan Winery Benchmark Program©. Jim Casler, President, has 24 years of experience in financial analysis, business management and real estate. More information can be found at www.JimCasler.com.

About Farm Credit East
Farm Credit East extends more than $4.3 billion in loans and has 19 local offices in its six-state service area including Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, New York and New Jersey. In addition to loans and leases, the organization also offers a full range of agriculturally specific financial services for businesses related to farming, horticulture, forestry and commercial fishing. Farm Credit East is governed by a 17-person board of directors from across the Northeast. More information can be found at www.farmcrediteast.com.

About GreenStone Farm Credit Services
GreenStone Farm Credit Services, based in East Lansing, Michigan, is Michigan and northeast Wisconsin’s largest agricultural lender and the country's sixth largest association in the Farm Credit System. A member-owned cooperative, GreenStone owns and manages approximately $6.9 billion in assets and serves more than 23,000 members with 36 branch locations in Michigan and northeast Wisconsin. More information on GreenStone can be found at www.greenstonefcs.com.

 



0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Categories

    All
    Agriculture
    Benchmarking
    Best Practices
    Business Planning
    Challenges
    Communication
    Conflict Resolution
    Core Values
    Delegation
    Dysfunction
    Education
    Family Business
    Family Farms
    Family Meetings
    FarmFutures.com
    Farm Management
    Farm Pictures
    Financial Management
    Generation Gap
    Goals
    Harvesting
    Humor
    Improvements
    Interviews
    Jim Casler
    Job Descriptions
    Leadership
    Lessons
    Long Term Planning
    Management Systems
    Management Transition
    Michigan
    Mission
    Newsletter
    North Coast Ag
    Operating Philosophies
    Operations Manual
    Outside Business
    Personal Accountability
    Pictures
    Podcasts
    Policy Creation
    Press
    Project
    Project Planning
    Quotes
    Responsibility
    Roles
    Standard Operating Procedures
    Strategic Planning
    Strategy
    Succession Planning
    Teamwork
    Testimonials
    Thanksgiving
    Thought Of The Day
    Transition Planning
    Traverse City
    Video
    Vineyards
    Vision
    Wine
    Winery Benchmark Programs


    Reader Feedback

    Archives

    June 2020
    August 2016
    July 2016
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014
    March 2014
    February 2014

    RSS Feed



    Author
    Picture
    Jim Casler
    Tweets by @JimCasler
Services
Family Business Planning
Financial Management
Succession Planning
Real Estate

Testimonials
Newsletter
About
Contact Jim

Know Your Numbers.
Know Your Business.
​


​Contact Jim
PO Box 2, Kaleva, MI 49645
231-218-7525
email
Copyright  2016 - 2022
Sitemap
Jim Casler - agriculture - family-business - family farm - financial management  - consultant  - advisor - succession, business and transition planning - real estate - Michigan