That’s the conclusion reached from early returns in Silicon Valley Bank’s annual winery conditions survey.
“Water is clearly a worry with 42% of responders expressing concern they may have a serious problem in 2022, while 51% are on edge but believe they should be fine. That leaves only about 7% feeling confident about water supply going into next year which tells us for these responders – water is a real concern, says Rob McMillan, SVB evp and founder of its wine division.
The survey needs winery participation to be of great value. Wineries can participate here.