Best practices in tough times

Paul Champoux has expanded Champoux Vineyards slowly while building a solid customer base. The stock market has plummeted, the national debt is skyrocketing, financial firms around the world are vaporizing, and the housing market cowers at the bottom of a trough. But wine grape growers in Washington remain calm. Those who have weathered economic storms in the past say they are confident the wine grape industry will survive this one intact. And they have brought along a few safety nets, including diversified client lists, strong contracts, and cash positions that allow them to avoid heavy debt burdens. Cash management is […]