Winery Benchmark Program
The best way to target improvement opportunities and achieve your business and personal goals is to understand exactly how each component of your business is performing. AgChoice Farm Credit, in cooperation with neighboring Farm Credit Associations, delivers a benchmarking program for wineries in our service territory.
- What is your most profitable wine?
- How do your labor costs compare with other wineries?
- How does your profitability compare with other wineries?
- Where can you improve your margins?
Your data is collected and pooled with data from other wineries in the region. You receive a summary of your winery's performance against the benchmark of all participants, as well as a written plan to improve profitability within your operation. Data confidentiality is maintained at all times.
The meaningful comparisons in cost, margin and efficiency derived from the program allow business owners to find opportunities for improvement, increased efficiency and growth. The Benchmark program allows you to replace assumptions with goals and a report card.
The Benchmark Program can be the most significant investment that you make in your winery this year, and it only takes a small improvement in efficiency to cover the cost of the service. Contact us to get more information and to sign up for this profit enhancement service.
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