Wine is like fashion. Rather than making it more transparent and easier to understand, people tend to mystify this old drink. In most parts of the world, wine is food; it is part of people’s life. This is why more and more people are investing in vineyards or wine yards. However, purchasing a vineyard cannot be equated to strolling into your local shop and buying a bar soap. It is something that should be treated with utmost caution. Remember, you’ll be investing your money, and you should get value for it. Here are the tips to help you purchase a wine yard:
Consider Fruit Contracts
Arranging a contract with a wine producing firm is a must for those who want to purchase a wine yard but don’t want to produce their own wine. You will need someone to buy your fruits as fast as you produce them. Depending on your needs, you can negotiate for a short-term or long-term contract with the winery. To diversify your income sources, you may want to strike contracts with multiple wine producers. It is a brilliant idea.
Hire a Manager
Managing a vineyard is not as easy as seeking medical help via the Livi medical app, where you only tap or click “here” and you so easily get what you want. It can be very involving and overwhelming, especially when dealing with a large farm. Thus, if you think that your knowledge is not enough to manage your wine yard, getting someone else with the right skills and knowledge to manage your investment could be a wise idea. You may also want to hire a vineyard manager if you have other commitments that need your attention. Your project needs good management and proper supervision, as with any other business venture. A Wine yard manager will take care of everything, from pruning to staff management to spraying.
Choose Between Old and Existing Wine Yard
This should be one of your first decisions to make when investing in a vineyard. Whether existing or new, each vineyard has its own pros and cons. If you’re developing a new wine yard from scratch, it’s worth noting that you won’t supply any grapes for a couple of years (three or so), something you must be ready for. An existing vineyard, on the other hand, may be too expensive for your budget. Be sure to consult the industry veterans and managers before making your choice.
Conduct Research
As with any new investment, it is advisable to carry out thorough research before splashing your cash on a vineyard. You must have adequate information in advance so that you know what you’re exactly getting into. Seek the insight of your friends or relatives who have done it before. It’s important to solicit information from multiple sources, analyse it, and make a well-informed decision. If you have any links with a vineyard manager or viticulturist, you can reach them and tap their valuable insight. As they say, information is power.