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November 2011
Most Growers Doing Better Financially
Lenders report that clients are improving, thanks to higher grape prices.
by Paul Franson
After a string of challenging years with excess grapes and plentiful bulk wine backlog, California grape growers are sitting pretty this year. The glut appears gone, and expected short crops mean high demand and better prices for growers’ grapes. In survey results at the Wine Industry Financial Symposium, winery executives even voiced concerns that grape shortages could impact wine sales in the next few years. It was a new concern. Like wineries, growers need financing, both to acquire a...
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