22nd Vineyard Economics Seminar
The economic forum for vineyard owners and grape growers.
May 24, 2017 – Napa Valley Marriott
8:00 – 8:30 a.m. REGISTRATION
8:30 – 8:45 a.m. WELCOME
Lisa Adams Walter, Director of Programs, Wine Industry Symposium Group
8:45 – 9:15 a.m. STATE OF THE GRAPES
Nat DiBuduo, President, Allied Grape Growers
The California Grape Crush Report along with Allied Grape Growers’ unique Annual Nursery Survey & Pullouts will provide the foundation for this keynote address, which will take a deeper dive into the current grape situation in the state of California. The unique perspective of Allied Grape Growers President, and San Joaquin Valley native, Nat DiBuduo will examine supply, demand, trends and a look toward the evolving future and economics of growing winegrapes in California.
9:15 – 10:00 a.m. THE ECONOMIC IMPACT OF THE INDUSTRY’S EVOLVING LABOR LANDSCAPE
Steve McIntyre, Founder, Monterey Pacific
Gregory J. Walsh, Co- Managing Director, Dickenson, Peatman & Fogarty
Labor is one of the hottest, and most challenging, aspects of growing wine grapes today. As a viticulturalist and farmer of 12,000 vineyard acres in Monterey County, Steve McIntyre is no stranger to the opportunities and challenges of running a financially viable operation. Greg Walsh, is a Napa Valley attorney. Together they will discuss the difficulty of attracting, on-boarding and budgeting for labor, while addressing changing labor and employment laws, as well as the dynamics and impacts of the current labor market, possible objectives of the new presidential administration and potential immigration reform on the vineyard industry.
10:00 – 10:15 a.m. MORNING BREAK
10:15 – 11:00 a.m. STATE AND FEDERAL UPDATES FOR WINE GRAPES
John Aguirre, President, CAWG
California Association of Winegrape Growers President John Aguirre will present a current State and Federal legislative report covering the issues that impact grape growers and vineyard owners. Topics and initiatives covered may range from the Sustainable Groundwater Management Act, rising minimum wage, the Food Safety Modernization Act, the fluctuating economy, and the impact of wine and winegrape sectors to the state economy.
11:00 – 11:45 a.m. PRIMETIME FOR CALIFORNIA WINE
Karen Ross, California State secretary of Agriculture
While the wine business is healthy and strong, and it is indeed a prime time to be in wine, California State Secretary of Agriculture Karen Ross will share her view with a focus on the state’s climate change programs, sustainability for generations to come, and the need for our industry to become even more united to ensure a bright future. While Secretary Ross now views California through a broader agricultural lens, her many years of service and work within wine yielded contributions that moved the industry to the leading position of today.
11:45 – 1:00 p.m. NETWORKING LUNCH
1:30 – 1:15 p.m. UPDATES FROM THE NAPA COUNTY ASSESSOR
(Click the below to download John Tuteur’s support documents)
John Tuteur, Napa County Assessor, Recorder, County Clerk
Topics ranging from determining the value of new parcels and vineyards, to reassessments, tax benefits and land conservation such as the Williamson Act will be presented by Napa County Assessor John Tuteur in this succinct update on the latest issues of which vineyard owners should be aware.
1:15 – 1:30 p.m. MIND THE GAAP
Michelle Ausburn, Partner, BPM
Highlights of GAAP accounting procedures for vineyard owners and grape growers to help improve business operations.
1:30 – 2:00 p.m. 2017 TAX REFORM PROPOSALS AND THE POTENTIAL IMPACT TO VINEYARD OWNERS AND GRAPE GROWERS
Jay Silverstein, JD, LLM, Partner, Moss Adams
Amy Smith, Partner, Moss Adams
This session will cover the 2017 Tax Reform Proposals and the potential impact on business, individual, estate, trust, and gift tax law. The focus will be on the Proposals’ potential positive and negative tax implications for vineyard owners and grape growers.
2:00 – 2:45 p.m. THE MATH OF GRAPES
Tony Correia, President, The Correia Company
A current market update for vineyard land, availability and demand from Accredited Rural Appraiser Tony Correia, a leading authority on the valuation of agricultural and rural properties, with a special emphasis on vineyards and wineries.
2:45 – 3:30 p.m. GRAPE AND BULK WINE MARKET UPDATE
Marc Cuneo, Bulk Wine Broker, Turrentine Brokerage
Mike Needham, Broker, Turrentine Brokerage
An examination of the current grape and bulk wine world, taking a closer look at the trends and strengths of the continuously evolving wine industry.
3:30 – 4:30 p.m. TENDING TO VINES, FOR A HEALTHY BOTTOM LINE
Justin Leigon, Viticulturist, Pina Vineyard Management
Karissa Kruse, President, Sonoma County Winegrowers
Mike Sangiacomo, Sangiacomo Family Vineyards
Michael Sipiora, Viticulturist, Treasury Wine Estates
From vineyard pests, to vine disease, to fluctuating consumer demand, the economics of the wine industry begin in the vineyard, amongst the vines. Whether farming small, hillside lots for high-priced bottles, or famed, family vineyards that span generations, the economics of the farm and vineyard practices, are critical to the bottom line. A close look at the risks and potential impacts of red blotch on luxury Cabernet Sauvignon will also be featured.
4:30p.m. WINETASTING & NETWORKING MIXER