Vineyard Land Prices: Boom or Bust?
Grape prices continue to decrease while vineyard values continue to increase. How long will it take to regain balance?
by Cyril Penn
Nov 2006 Issue of Wine Business Monthly
Short- and long-term trends do not always go in the same direction as evidenced by the wine industry's periodic supply cycles and current trends in vineyard financing. During the last 12 to 18 months, for instance, wine industry lenders have noticed a firming of vineyard values throughout most of California, despite a record crush in 2005. Moreover, in mid-October, with the harvest about half over, expectations were that up to 125,000 tons of winegrapes could go unpicked in California during 20...
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