Participatory winegrowing investment is an alternative form of financing for setting up or converting to winegrowing,developing a vineyard or taking over a business via the crowdfunding system.
A win-win partnership:
A fundamental human approach, which makes the difference with the forms of financing proposed by banking or credit organizations for a farm installation.
For each of our vineyards, the set-up is simple.
Terra Hominis creates a GFV (a group of partners who co-own the vineyard), which leases the land to the winegrower, enabling him or her to set up in farming.
The winegrower retains governance and independence:
– He is the manager of the new GFV structure. The Groupement owns the vines.
– It operates independently, as before. The winery is separate from the vineyard.
Under the terms of the lease, the winegrower undertakes to pay rent, which is always paid in bottles of wine.
This rent corresponds to dividends (at a rate of 4.5% per annum on the capital invested) and is calculated on the basis of the public sale price of bottles of wine ex-cellar.
This method of calculation, which satisfies the interests of all parties, enables us to obtain a rent price that complies with prefectoral decrees, and to work towards a common goal: the production of the best possible wines.
Every year, a General Meeting (AGM) is held, at which associates are not legally obliged to attend. It is above all a festive event.
No additional administrative burden: As the GFV is not an operator and has no expenses, simple cash accounting is sufficient.
The AGM simply confirms the payment of the rent in bottles and the continuation of the lease as originally agreed.
Each year, the winegrower is responsible for paying the equivalent in bottles of wine for each share acquired.
At the end of each financial year, the winegrower is responsible for convening and organizing a General Meeting with his associates. To do this, the winegrower must draw up and circulate a notice of meeting and minutes to his associates.
Templates and procedures provided by Terra Hominis.
Taking care of the soil and vines to ensure they are passed on to future generations.
Respect the environment.
Informing and welcoming associates on a regular basis (e.g. vineyard tours, cellar tours, wine tourism, tasting workshops, discovering the winemaking profession, explanations of the winemaker’s work, participation in the grape harvest).
Relay them via social networks and other communication media.
Terra Hominis is the first company with a mission in the world of agriculture. Its unsubsidized, public-interest mission is to preserve the strength of winegrowing: the diversity of its terroirs and winegrowers. This diversity is under threat, however, as 2/3 of winegrowers are over 55 and often have no successors. What’s more, it’s becoming increasingly difficult for the new generation of winegrowers to set up in business. It is estimated that over the past 10 years, 3 French winegrowers have disappeared every day. Action is urgently needed.
Terra Hominis was created to help people realize their dream of becoming a winegrower through participative wine financing. Since its creation in 2011, 40 co-owned vineyards have been built in promising appellations, bringing together 3,200 associates (120 on average per group),
The process of setting up as a winegrower is long, complicated and often discouraging.
Our innovative and effective approach was recently the subject of a colloquium at the French National Assembly.
