Update on Capital Markets, Values, and Investing Tony Correia, The Correia Company, California JANUARY 26, :30PM - 4:30PM
California Vineyards and Land Where have we been? And What’s happening today? And Who’s buying? And Where do we go from here? Tony Correia T HE C ORREIA C OMPANY
Grape Sourcing Wineries returned to the market, aggressively firming up sourcing, buying vineyards and land to plant new vineyards The Great Grape Shortage of 2012
Wine Speculator’s Top 10 Wines #1 – Peter Michael Au Paradis 2012 #2 – Quilceda Creek Cabernet Columbia Valley 2012 #3 – Evening Land Pinot Noir Seven Springs Vineyard 2012 #4 - Brunello di Montalcino DOCG Il Poggione 2010 #5 – Mt. Eden Vineyards Chardonnay Santa Cruz Mts 2012 #6 – Spain Ribera Del Duero #7 - NZ Pinot Noir #8 – Italy Amarone #9 – St Emilion # 10 - So Africa Sweet
The Six States of California
Source: CALASFMRA Trends, Crush Report
Source: CALASFMRA Trends
Source: CALASFMRA Trends, Crush Report
Vineyard Buyers? 1. STRATEGICS 2. LIFESTYLE ESTATES 3. FINANCIALS
Source: CALASFMRA Trends, Crush Report District 2, Lake County
Source: CALASFMRA Trends, Crush Report
Competition for Land 1. Almonds 2. Walnuts 3. Pistachios BUYERS? - INSTITUTIONAL INVESTORS - OTHER FARMERS
Source: CALASFMRA Trends, and Estimate
WATER Source: CALASFMRA Trends Open Crop Land
Impact on Land Values; Fresno County Farmland
Thank you! And Drink More California Wine !!!