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Vintage 2008: Weather, lower yields put squeeze on wine grape growers PDF Print E-mail
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Written by Stacy Finz, Chronicle Staff Writer   
Friday, 19 September 2008 00:00

California's wine grape harvest this year - which is under way - was hard-hit by winter frosts and spring and summer heat waves. Some vineyards, according to vintner associations, are seeing up to a 30 percent reduction in crops from last year.

Nick Frey, president of the Sonoma County Winegrape Commission, says growers in his county have been picking at full throttle since the week before Labor Day.

"Everything was ready at the same time," says Frey, who spent the later part of last week at Balletto Vineyards while the Santa Rosa winery hustled to clear its vines.

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Vino, vidi, vici: wine's a winning investment PDF Print E-mail
Written by Blair Speedy   
Friday, 19 September 2008 00:00

INVESTORS seeking a safe haven for their assets during the financial meltdown should consider a punt on plonk, says chief Penfolds winemaker Peter Gago.

"It's a bit like gold -- in times of adversity, what do people trust? In vino veritas -- wine is truth," he said.

"I've got money in credit unions, money in banks, in superannuation, and I have money in wine. Which is the safest bet at the moment? Probably the wine."

Mr Gago was speaking after the Melbourne launch of the sixth edition of The Rewards of Patience -- a guide to every vintage of Penfolds top-quality wines back to the first Grange produced in 1951. The book is part of an extensive marketing effort designed to maximise the value of Penfolds wine in the secondary market and thereby bolster the brand's cachet.

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