Legislation threatens to close wineries

The Maryland Wineries Association (MWA) has been scrambling for the past couple weeks to have a proposed bill rewritten to prevent as many as one-third of its wineries from being closed immediately.
House Bill 742, introduced by Delegate Warren Miller from Howard County on behalf of the Maryland State Licensed Beverage Association (MSLBA), states that a farm winery license may only be issued to “a location that has as its principal purpose the production of wine”.

Reblogged 1 month ago from www.winetitles.com.au

Post-quake insurance costs

The current insured losses estimate of around $200-$250m to the wine industry, is a reserve, based on immediate and apparent damage to tank farm infrastructure and barrelled/finished stock both at wineries and contract warehouse facilities. The insured losses for an inability to process the 2017 vintage are also hard to quantify at this stage due to vintage size being an unknown and policy wordings that differ greatly in terms of how they trigger, and the basis of settlement. These costs will become more apparent in the coming months.

Reblogged 1 month ago from www.winetitles.com.au

Turning the corner after decade of hardship

Riverland growers should enjoy some much-needed relief this season thanks to small increases in the price of both red and white wine grapes. Heightened demand for Australian grapes due to a range of domestic and international factors has seen prices improve by 17 per cent for red grapes and 7 per cent for white grapes. It comes after years of hardship for growers who have struggled to stay afloat amid oversupply and poor grape prices.

Reblogged 1 month ago from www.winetitles.com.au