LODI Vineyard Cost Study Customization Workshop – November 2nd, 2017
- Meeting agenda/main handout, including perhaps the most comprehensive list of vineyard budget inputs, available HERE
- Simple vineyard budget Excel file example available HERE
- Vineyard Operation breakdown of costs Excel file example available HERE
- Banker presentation available HERE
- Tips from the meeting:
- use the Cost Study and the meeting handout as a starting point to create an Excel file which will calculate costs per acre and per ton
- remember that there are “hidden” costs which go into farming – such as the value of your land and your time
- watch your true profit margin to determine if your current farming operation is working for you
- knowing the details for certain vineyard practices – irrigation, for example – helps you figure out ways to improve efficiency and save money
- track your costs and profits for each vineyard block over time (5 years, 10 years, and the vineyard’s lifetime)
- daily record keeping is a must and will help you feel more confident in your finances and in future purchases
- it’s never too late to start a better budget – for more information on FREE Farmer Excel classes, call the Library at 209.333.5554