Nearly 20 years ago, John Delmare and his family moved from the Santa Cruz Mountains of California to Virginia to join its burgeoning wine industry, and established the state’s 62nd winery: Rappahannock Cellars.
Located in Huntly on the historic Glenway Farm, the operation is now one of 300 wineries in Virginia – and although Rappahannock Cellars has a loyal following, competition for customers’ business has only grown over the years. That’s where Farm Credit comes in.
Farm Credit, a nationwide network of cooperative lending institutions providing more than $259 billion in financing to rural homeowners, farmers and landowners in all 50 states and Puerto Rico, has been providing financing for the Delmare family’s ventures since 2010.
Focused on serving the agriculture industry by offering competitive rates, personal service and extensive local knowledge, Farm Credit has provided the Delmares with a land loan and several improvement loans and have assisted with equipment leasing – all helping Rappahannock Cellars successfully outshine its competitors and continue to grow and thrive.
Today, the Delmare family farms 30 acres of their own, leases an additional 8 acres and is in a 25-year partnership for another 25 leased acres.
Their vineyards include Chardonnay, Viognier, Merlot, Cabernet Sauvignon, Cabernet Franc and Petit Verdot grapes, and they produce up to 18,000 cases of wine each year.
“When I really started looking at the programs Farm Credit offered, I decided they were the right financial partner for us,” John says. “Now, after working with them all these years, I’ve become very appreciative of who they are and what they do. They truly understand farming and have been very supportive of our growth and diversification into different business lines where I think other banks wouldn’t be. They just get it.”
To learn more about Farm Credit, visit farmcredit.com.