New York Wine & Grape Foundation’s Post

NYS Growers - this initiative is extremely helpful for the industry as a whole. This data will be useful for many people and organizations throughout NYS and can help give you insights to grow your farms. One real world example I can give around how beneficial this data can be is in the future wine development space. In my world, I am striving to develop new wines for our customers. As I find grape varieties that I like, knowing how many acres are planted helps me make decisions on how many cases I can launch with and if I need to start offering planting contracts to get more acres in the ground. If that data isn't available or isn't accurate I may pass on a variety that is important to you and your farm. Please take a minute to complete the survey!

Here is our recent report on the wine and grape market.

B.C.’s wine grape production could be wiped out in a cold snap. A new report says the industry is expecting “catastrophic crop losses” and early estimates suggest only 1% to 3% of typical yields will be produced. It could trigger up to $346 million in lost revenue for vineyards and wineries. Temperatures plunged below -20 C in January across the Okanagan Valley, which accounts for 86% of B.C.’s vineyard acres. It’s the second straight year that yields have been damaged by severe weather.

🍇 Breaking News: California's Wine Industry Faces Unprecedented Challenges The San Francisco Chronicle reports a crisis in California's grape market, with growers unable to sell their crops even at drastically reduced prices. Here's what you need to know: 1. Grape prices have plummeted, with some Napa Cabernet selling for as low as $2,500/ton, down from $9,500/ton. 2. Oversupply, declining consumer demand, and high winery inventories are key factors. 3. Even premium regions like Napa Valley are affected, with some vineyards considering leaving grapes to rot. 4. Industry experts suggest removing up to 50,000 acres of vines to correct oversupply. 5. The situation is described as worse than the 2008 recession, with potential long-term implications. This crisis underscores the critical need for data-driven decision-making in the wine industry. Wineries and growers must leverage advanced analytics and AI to: - Accurately forecast demand and optimize production - Manage inventory more efficiently - Identify new market opportunities - Streamline operations to reduce costs At CorkVision, we're committed to helping the wine industry navigate these challenging times. Our AI-powered platform, featuring Corky, our intelligent assistant, provides the insights and tools needed to make informed decisions in an uncertain market. How is your winery adapting to these market conditions? Share your thoughts below. #WineIndustry #GrapeCrisis #AIinWine #DataDrivenWinemaking #WineMarket #CaliforniaWine #WineBusiness #CorkyAI #MeetCorky #NapaValley #Viticulture #WineEconomics #AgTech #WineTech

#Grapes My latest blog post covers grapes in Florida and around the world. The section on the world-wide grape crop is based on part of one of the favorites of my presentations as a #cruiseshippresenter, "Grapes, Wine, and Vinegar." I discuss why most of the vineyards around the world use cultivars of the European grape (Vitis vinifera) instead of the 80 other grape species. I also cover how we know that the 2 mutations that turned off the pigment production in the European grape happened more than 3,500 years ago. Read my grapes article for the answers. https://lnkd.in/e43gj6HH

What makes certain grapes come in ahead of others? Chris Kenefick, owner and CEO of Kenefick Ranch Winery, gives a little insight into this in our latest #Harvest2024 update. Since all grape vines are in the ground and don’t get planted each spring (like tomatoes, for example), the grapes themselves follow their natural growth cycle each year. And, like the humans who tend them, some are early and some are late. Whites always tend to ripen first and then reds follow, but there are differences within the grape color. As Chris points out, Malbec comes in before Cabernet. Pinot comes in before all of them. This is just one of the many elements that the grape growers and winemakers of #NapaValley have to plan for! Follow along and catch up on the entire #2024vintage at harvestnapa.com.

Listen to what it takes to bring in the grapes that will become Paserene's finest wines. Today Martin discusses the ins and out of our harvesting processes 🍇 In our last video, we’ll discuss what happens after - stay tuned! #paserene #paserenewinefarm #pasereneharvest #harvest2024 #franschhoek #wineharvest

Why are TX grape prices out of whack??? First day of (TX Wine) Market Mondays we take a look at the situation of the fruit market here in Texas. On our way to talk about TX Vineyard/AG real estate at the Best Ever Conference put on by fellow Texas Tech University alumnus Joe Fairless! Come say hello at our booth! Fruit prices range from ~$2,000-$3,500/ton on average in Texas, with most production coming from the Texas High Plains AVA where we are located (~65-80% depending on the year). 💰💰💰 Why is the price range so narrow compared to California ($300-5,000/ton)? Why is it at the higher end of price? Primary factors making the price range narrow are and high: 🍇 Most growers unable to have economies of scale to produce fruit at lower prices 🍇 Relatively few growers, with lots of fragmented small scale production 🍇 High volumes of cheap bulk West Coast wine suppress growth in lower cost segments in TX This presents a number of opportunities that Texas Vine Country and others can exploit! ➡️ Attack the “sweet spot” of $1,200-$2,000/ton fruit that is under served in TX, but not typically shipped in from out of state ($12-$20 bottles on the shelf) ➡️ Use economies of scale and low land/water costs to compete with West Coast wines that require trucking, have higher input costs, and higher regulation ➡️ Allow TX wineries to convert or add lower cost labels that are 100% Texas and achieve the margins required for distribution to make sense Eventually the market always wins out. With high costs of land, water, regulatory compliance, and tons of oversupply, things will swing the other way for the west coast. Texas wine market will mature quickly with low land, water, and regulatory costs, and a huge population with low saturation of wine brands and consumption levels. Exciting opportunities still to be had here in #TexasWine! #texasvineyards FermForge KEELEY HUBBARD TRACY HUBBARD Matt Moreland Mike Moreland

Record harvest 2023 In September we already indicated that production in the largest countries is stagnating. Southern European countries in particular have suffered greatly from extreme weather conditions. While Italy and Spain show large declines (12 and 20% respectively) and France (only) 2%, it is now known that production in the Netherlands is improving by leaps and bounds. Despite the wet summer of 2023, Dutch wine growers have achieved a record harvest. Production 2023 According to the Netherlands Enterprise Agency (RVO), 12,774hl of wine has been produced by Dutch winegrowers, which is a new record harvest for 2023 after the record in 2022 of 9,837hl. This is good for approximately 1.7 million bottles of wine! The season in the Netherlands started well with little night frost and a dry period in June. This is important for flowering, which resulted in large bunches. However, July was quite changeable with above average rainfall. This results in challenges in the vineyard such as increasing mold pressure. Fortunately, thanks to the sunny late summer, the vineyards can still record a record harvest in 2023. This increase can be attributed to two reasons; the yield per hectare has increased from 36hl to 42hl and the area has grown to 302ha. The grape varieties used are Vitis Vinifera such as Auxerrois, Chardonnay and Pinot Noir, as well as PiWis such as Johanniter, Solaris and Regent.

The global wine industry faces a surplus as economic challenges and changing consumer tastes disrupt traditional markets. Tony Townsend, an Australian grape-grower, illustrates this trend by removing vines due to economic inviability. Rising costs and a shift towards lower-alcohol wines exacerbate the problem, prompting farmers to diversify crops or leave the industry. Government initiatives offer limited relief, highlighting the industry's struggle to adapt. Without significant changes, many growers may face uncertain futures. #Wine #WineIndustry #Growth #LifeStyle #Innovation #Transformation I Bloomberg I Keira Wright I Celia Bergin I Ilena Peng