Viticulture Market Update | Marlborough and Central Otago

viticulture market update

The wine industry was in the fortunate position to be able to proceed with the harvest of the 2020 vintage despite lockdown restrictions within New Zealand. It was largely able to meet its labour needs with most staff already in the country prior to lockdown.

Figures from New Zealand Winegrowers show 457,000 tonnes of grapes were harvested nationally during vintage 2020, which is 11% higher than vintage 2019 and comes after three consecutive years of lower than expected yields within the industry.

Marlborough’s production accounted for 343,036 tonnes, up 12% on the previous vintage. The increase is mainly due to new plantings coming into production and higher than average yields from Pinot Gris and Pinot Noir varieties.

Excellent fruit quality has been reported throughout the region as a result of a long dry summer leading up to harvest. However, yields were down as a result of cool flower conditions.

The total area of vineyards in the Central Otago Region is 1,930 hectares or 5% of the national producing area. The average vineyard size in this region is 8.8 hectares with the main varieties grown being Pinot Noir and Pinot Gris.

Find out more about the impact of Covid-19 on sales and more detailed insight into the market in the Marlborough and Central Otago regions.

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Tim Gifford

Director | Rural Valuation

Blenheim

Tim has 13 years property valuation experience and is based in our Blenheim office. Prior to joining CAPI in 2006 he worked as a valuer for Quotable Value based in Christchurch..

Since 2006, Tim’s client work has included viticulture, high country tenure review and rental valuations, pastoral valuations, lifestyle, specialised asset valuations and compensation for various infrastructure projects nationwide.

Tim’s viticulture experience includes the valuation of vineyards for financing, sale & purchase and rent setting purposes for a number of clients including Pernod Ricard, Indevin, Wither Hills, Cloudy Bay, Allan Scott Wines, Treasury Wine Estates, plus a number of others. Tim is also frequently engaged to provide valuation advice to most of the major banks. Having grown up and lived most of his life in Marlborough, Tim has in depth local knowledge of the region.

Tim has extensive experience in valuing large pastoral and high country properties throughout the South Island, either on behalf of Linz for tenure review or rent review purposes or for corporate and private landowners. Properties valued include Muller Station, Mt White, Mt Albert, Mt Creighton, Godley Peaks, Hossack, Glen Wye, Glenhope, Forest Range plus many more. Tim is designated as an assessor under Section 23P Crown Pastoral Land Act 1998 to provide rental assessments on Crown Pastoral Lease properties.

Compensation is another key area of expertise and Tim has provided property advice on a number of projects nationwide including Transpowers 400kV transmission line build through the Waikato, Central Plains irrigation scheme through Canterbury, land acquisitions for roading on behalf of the New Zealand Transport Agency as well as new transmission line easement assessments for various network operators throughout New Zealand.

Tim offers our clients excellent technical skills and market knowledge, together with a sound appreciation of both private and public sector imperatives. He plays a key role in our viticulture, pastoral and compensation valuation teams.

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