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British Columbia - November 16, 2023 (Investorideas. com Newswire) In response to the compounding climate-change related crises being faced by grapegrowers and winemakers in British Columbia, the BC Wine Grape Council (BCWGC) recently commissioned 'An Opportunities Assessment for the BC Grape and Wine Industry' that outlines recommendations and demonstrates the financial support required for the future success of the industry.
The primary recommendation in the assessment is funding for a crop renewal program solely focused on the BC grape wine industry to the tune of $162 million to $317 million.
The study provides empirical insights into the replant needs in British Columbia:
- 29% of the industry's 12,681 acres are estimated to have succumbed to winter damage
- 30% are estimated to suffer from permanent viral disease and require replanting to avoid mass spreading
- In total, between 3,814 and 7,492 acres need to be replanted in BC
- Average re-establishment cost per acre is $42,360
- Estimated costs associated with the replant are between $162 million and $317 million
With BC wineries already suffering from reduced yields and decreased tourism revenue...