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November 2012
Lenders See Increase in Vineyard Sales
Wineries driving the activity
by Paul Franson
Times are good for grape growers. “I’m stunned at how quickly things have turned around,” said Bill Rodda, vice president and branch manager of American AgCredit in Santa Rosa. “Wine sales have improved since 2008/2009, and the last two years’ relatively short crops have precipitated the demand for more vineyards,” he added. “The value of hanging crops has gone up dramatically. Six months ago, wineries realized that short crops would increase their cost...
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