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Napa Cabernet Prices Raise Concern

June 07, 2017

Tony Correia discusses wine grape pricing during the 22nd annual Vineyard Economics Seminar. As nearly every available plot in Napa County is getting planted to Cabernet and growers and wineries are also pulling out other varieties rather than absorb the opportunity cost of not growing Cabernet. "Any land that's in Napa Valley, in the watershed of the Napa River, that can be planted to Cabernet and produce a good crop of Cabernet is being planted today, and they can make a call and sell the fruit for $5,000, $6,000 $7,000"