Tuesday, 2 February 2010

Getting out while the getting's bad

In an article published last Wednesday (27 January 2010) in Blenheim's Sun newspaper, the dire state of the local wine industry was described by a grape grower.
One cannot help but feel sorry for those who have invested so much especially if they were the unwitting victims of operators who traditionally skim profits from these type of boom / bust ventures.
The larger established vineyards will endure and those who planned for good times and bad will survive. However those who borrowed deeply and were anticipating grapes to fruit gold will be hurting.
Either way, lets not forget. If you're going to be walking away from the property, take your fans with you if you're close to housing on another property. I'm sure there's a good market for second hand units.

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