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Feasibility of a Co-operative Winery

Author

Listed:
  • Kenkel, Philip L.
  • Holcomb, Rodney B.
  • Hill, Amanda

Abstract

The number of operating wineries in the United States has doubled during the past decade. Most of this growth has been due to a large number of entrepreneurial landowners developing their own small acreage vineyards and trying to branch into winemaking. However, wineries are capital-intensive enterprises which require high initial investment and experience lagged cash flow associated with the time between the purchase of grapes and initial wine sales. Additionally, the availability of local grape production often limits the production capabilities of an entrepreneur’s small winery. As a result, some vineyard owners consider establishing co-operative wineries. This paper describes a feasibility assessment tool developed to assist vineyard owners in examining the potential for a co-operative winery and provides an example of how this tool can be used to examine a number of co-operative operating scenarios.

Suggested Citation

  • Kenkel, Philip L. & Holcomb, Rodney B. & Hill, Amanda, 2008. "Feasibility of a Co-operative Winery," Journal of Agribusiness, Agricultural Economics Association of Georgia, vol. 26(2), pages 1-17.
    • Handle: RePEc:ags:jloagb:90642
    DOI: 10.22004/ag.econ.90642
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    References listed on IDEAS

    as
    1. Scott Morton, Fiona M & Podolny, Joel M, 2002. "Love or Money? The Effects of Owner Motivation in the California Wine Industry," Journal of Industrial Economics, Wiley Blackwell, vol. 50(4), pages 431-456, December.
    2. Henehan, Brian M. & Anderson, Bruce L., 2001. "Considering Cooperation: A Guide For New Cooperative Development," EB Series 122227, Cornell University, Department of Applied Economics and Management.
    3. Fiona M. Scott Morton & Joel M. Podolny, 2002. "Love or Money? The Effects of Owner Motivation in the California Wine Industry," Journal of Industrial Economics, Wiley Blackwell, vol. 50(4), pages 431-456, December.
    4. Raymond J. Folwell & Mark A. Castaldi, 1987. "Economies of size in wineries and impacts of pricing and product mix decisions," Agribusiness, John Wiley & Sons, Ltd., vol. 3(3), pages 281-292.
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    Agribusiness; Financial Economics;

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