American AgCredit’s Post

The Winter 2024/2025 issue of "Winescape" from Terrain and American AgCredit focuses solely on the state of the U.S. wine market while also answering the industry's most pressing question: What's next? "Retail wine sales fell across price tiers and sales channels during the first nine months of 2024," writes author Chris Bitter. "But on a positive note, the pace of the decline appears to be moderating a bit, with the high end of the market experiencing the most pronounced improvement." The report's Trending Topic section provides a detailed outlook on the wine market for 2025 and beyond. "Under Terrain’s base-case scenario of a relatively steady economic backdrop in 2025, I expect wine sales to improve, particularly at the high end," Chris states. Download the report today for informed predictions on the wine and grape markets, economy, and wine's "new normal": https://brnw.ch/21wPiF8 #CaliforniaWine #WineIndustry #Agriculture

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

🍇 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

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.

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.

🍷 Crisp news from the wine world, and it's not the kind we were hoping for! Just read that global wine production has hit its lowest point since 1961 - a proper wake-up call for wine lovers everywhere. Mother Nature's been giving our vineyards quite a battering this year. The numbers are quite stark, we're looking at a 7% drop from last year, with production dipping to 244.1 million hectolitres (that's a lot of bottles missing from our shelves!). Bit of a shake-up in the rankings too; France has nicked the top spot from Italy, though I reckon neither country's celebrating much given the circumstances. Our mates in the Southern Hemisphere have had it particularly rough, with some seeing production plummet by up to 30%. Silver lining? Well, apparently this might help balance out the market, what with consumption being down and stocks being rather full. Small mercies, eh? Thoughts on how this might affect your favourite wines? Would love to hear your take! 🤔 #WineIndustry #ClimateImpact #GlobalTrade #Viticulture #WineProduction #AgricultureNews

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.

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.

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.

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.