Entrepreneurs reinvent the family farm
Small businesses find growth with upscale specialty products
Bill Wilson was 35 when it hit him: He wasn't happy working as a financial planner, and never would be. So he bought the farm. It was a vineyard, actually. Eighty-six acres in Temecula, Calif.
Wilson persuaded his family — parents, brother, sister and spouses — to buy it together. By 1999, they had moved into mobile homes on the property. Their savings went to build a winery and restore the vineyard. Now, Wilson Creek Winery & Vineyards' zinfandel, muscat, and cabernet are all award winners.
None of these entrepreneurs compete with giant agribusinesses or grow crops for them. Instead, they're thriving with upscale specialty products — growing, processing, packaging and advertising their own goods. Smart move: While prices of agricultural products have been flat, in real dollars, since the 1950s, those of packaged goods have doubled. Selling finished products lets entrepreneurs reap higher margins from limited acreage. More important, it lets them build a business by making something they're passionate about on land they love.
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