VineBiz vineyard business development program
The VINEBIZ Vineyard Business Development Program and Financial Ready Reckoner is a comprehensive financial analysis and business management tool for grapegrowers, which enables them to assess their vineyard’s current financial performance and to evaluate a range of operational scenarios to help with decision making about the business.
The program has been developed for WGGA with funding from the Commonwealth Department of Agriculture, Fisheries and Forestry – as part of the Capacity Building for Winegrape Growers Project. It consists of a CD containing a spreadsheet and a comprehensive manual – which gives instructions on using the CD as well as detailed information on alternative business models for consideration.
VineBiz features
- Gross margin and vineyard return based on income, operating and overhead costs (entered into the spreadsheet)
- Benchmarking of performance against average data from other growers (by region)
- Analysis of individual block performance to determine which blocks are most profitable
- Historical vineyard performance analysis over past five seasons (if figures are entered)
- Cash flow budget to enable planning for major expenses, overdraft facility etc
- Statement of position (balance sheet) with and without personal assets/liabilities
- Financial summary including financial ratios to give a “health check” on the business and identify areas for action
- “What if” scenarios including restructuring of certain blocks, price changes and water purchasing
- Analysis relating wine price points to grape prices
Generally VineBiz is presented as a workshop, which introduces growers to the concepts necessary to get the most out of the program and teaches them to use the spreadsheet. For information on attending or organising a workshop, contact us.
The manual and CD can be purchased from WGGA. Discounts apply to WGGA members. Contact us for more information.
Download articles about using VineBiz by Mary Retallack – preferred provider of VineBiz training
Find out more about our VineBiz preferred trainer
VineBiz is now FarmReady approved
WGGA’s VineBiz program is now FarmReady approved for courses running from 1 July 2011. The course description and contact details are published on the FarmReady Reimbursement Grants website. Search for “WGGA’s VineBiz program” under the national tab www.farmready.gov.au/TrainingCourses/course_national.html. The course code is 961 and the training provider is Retallack Viticulture.