Farming is a business and like all businesses, it requires an investment. Some of that investment is time, and some of it is capital for things such as land, equipment, plants, and pesticides. Farmers frequently want to know when they will get a return on their investment (i.e. when will they earn a profit). Knowing when a business will earn a profit is important. In the past few years, local vineyards in the Hudson Valley have been getting a lot of recognition, bringing many investors into the area to create their own vineyards. These vineyards have been shipping wine nationally and bringing in more tourism into the Hudson Valley region. As a part of the New Farmers Series brought to you by The Cornell Cooperative Extension of Ulster County, we are offering a webinar called Getting Started with a Vineyard on April 15, 2021, from 2:00 PM to 3:00 PM. This webinar will talk about investing in a vineyard, what resources and supplies you need, and when you will see a return on investment.
Stephen Hadcock is a Cornell Cooperative Extension Educator with the Capital Area Agricultural and Horticulture Program in NY. He will be the speaker for this workshop. His educational responsibilities include working with new and beginning farmers, as well as providing education on an individual and group basis to those interested in beginning a farm. He works especially close with those who have been farming for less than 10 years. Steve will delve into enterprise budget sheets as a way to demystify financial costs and profits in vineyard production. By the end of this workshop, we hope to provide better insight into when your vineyard will be profitable.
Last updated March 23, 2021