New York Wine & Grape Foundation’s Post

In the follow-up video interview by LA Times Today, Louis Sahagun discusses the challenges outlined in his front-page article titled "Global wine glut compounds headaches for struggling California vineyards," shedding further light on challenges facing California wine grape growers and the impact of bulk wine on local growers. https://lnkd.in/g_ETbz6k

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!

🍇 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

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.

Unlock the World of Fine Wine Collecting and Investing with Crop & Vine 🍷Founded in 2021, with crisis and opportunity embedded in the name, we designed the business to bring transparency to the market and to evolve the way wine is traded. Hence making Crop & Vine the place where collectors drink better. To find out more about Crop & Vine and how we can help you to nimbly navigate all these challenges and more... watch our latest video here and get in touch at [email protected] #winecollecting #wineinvesting #winelover

Times are certainly challenging for our BC wineries who are facing major decisions which affect the short and long term future of both their own businesses and the BC industry as a whole. They need our support now more than ever before. This industry’s impact on our BC economy and quality of life is so important.

Want to learn more about viticulture and winemaking? Can you taste minerals in wine? Is the Winkler Index for climate over? We got you covered. Matt Brain, a former academic in viticulture and winemaking who now makes wine at Alpha Omega in Napa Valley, is writing a monthly column for us. The first column is out now, and you might find intriguing revelations regarding the mineral qualities that winemakers frequently cite. Read more here: https://lnkd.in/gDVVhbN6

🌐 Digital Transformation: A Game-Changer for Modern Vineyards! 🍷 We’re excited to announce the launch of our NEWS section, where we connect you to the latest industry trends, expert POVs, and practical insights to help your wine business thrive. Our first article explores why digitalization is a crucial challenge for today’s vineyards. 📈 Discover how digital transformation can drive growth, streamline operations, and future-proof your business in an increasingly competitive market. Ready to embrace the future? Click to read the full article and stay updated with the latest trends in the wine industry. #DigitalTransformation #WineIndustry #LoturaConsulting #MarketingInsights #Vineyards

𝗟𝗲𝘀𝘀 𝗼𝘇𝗼𝗻𝗲 – 𝗯𝗲𝘁𝘁𝗲𝗿 𝗙𝗿𝗲𝗻𝗰𝗵 𝘄𝗶𝗻𝗲? 🍷 Okay, perhaps a somewhat simplistic outline of a complex scientific analysis. But that's #Economics too: Mihai Mutascu, Visiting Professor at ZHAW School of Management and Law, gets to the bottom of the question to what extent the ozone content of the troposphere affects the performance of French wineries and presents exciting perspectives. 🌍📊 Click here for the article "𝘛𝘳𝘰𝘱𝘰𝘴𝘱𝘩𝘦𝘳𝘪𝘤 𝘰𝘻𝘰𝘯𝘦 - 𝘩𝘪𝘥𝘥𝘦𝘯 𝘤𝘰𝘴𝘵 𝘧𝘰𝘳 𝘵𝘩𝘦 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘱𝘦𝘳𝘧𝘰𝘳𝘮𝘢𝘯𝘤𝘦 𝘰𝘧 𝘍𝘳𝘦𝘯𝘤𝘩 𝘸𝘪𝘯𝘦𝘳𝘪𝘦𝘴": https://lnkd.in/g4_WempS #ZHAW #Business #Management #Wine

The California Grape Crush Report for 2023 shows the total volume of wine grapes crushed reached 3.69 million tons, up 8% from 2022. Despite the increase in production, average prices in 2023 were up 9%, with red wine varieties +13% and white wine varieties +6% year-over-year. The annual Crush Report is closely watched by farmland investors and market participants because it's used to inform contract pricing for the following year. Price growth, particularly considering increased yields, was a positive indicator for markets in 2023. Learn more about investing in wine grapes as part of a diversified #farmland portfolio. #viticulture