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|Sunday, June 01, 2008|
Going for the Grape
More and more acreage around the state is converting to vineyards, and it’s changing the face of agriculture, land values and the environment.
By Jamie Hartford
Christie and Dick Reed’s home on Blue Chip Farm in Hood River used to be surrounded by eight acres of Gala apple trees. But the husband and wife, who were formerly partners in a local winery and purchased their own vineyard in 1998, envisioned another use for the east-facing slope where their orchard lay. Eight years ago, they cleared the trees and replaced them with rows of pinot noir grapes.
“It was a prudent financial decision at Blue Chip Farm to pull out the Gala apples because there was no way we could sell the apples profitably,” Christie Reed says.
The grapes are a different story. Last year, Oregon wine-grape growers received an average of $1,880 per ton for their harvests, according to the NASS report. Clive Kaiser, a professor with the Oregon State University extension service in Milton-Freewater, estimates that the return on each acre grown is around $5,000. Processed into wine, though, the value can increase five to 20 times.
Property values in prime grape-growing areas are climbing. In Yamhill County, which — at 5,550 acres — leads the state in vineyard acreage, the average value per plantable acre increased more than 45% from 2004 to 2006, according to Northwest Farm Credit Services.
That’s keeping Mike McLain, a broker with Albany-based vineyard real estate company McLain & Associates, busy.
Others, though, like the Reeds, are in the wine industry to turn a profit.
“We’re not doing this as hobbyists or just to put our name on a label,” Christie Reed says. “We’re trying to run it as a business.”
“We’ve seen a complete uplifting of Walla Walla,” he says. “Tourism is booming. People are coming in from all over the place. That’s been a major spinoff for the valley.”
But tourism also has its downsides. Besides dollars, tourists also bring traffic, and attempts to accommodate them bring development to land previously used for agriculture.
Friday, June 06, 2014
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Named after the 2010 experiment by Thomas Ryan, "Robin Sages" are fake social media profiles designed to encourage linking and divulging valuable information.
Thursday, July 03, 2014
BY TED AUSTIN & MIKE BAELE | GUEST CONTRIBUTORS
The Office of Economic Analysis announced that Oregon is currently enjoying the strongest job growth since 2006. While this resurgence has been welcome, the lingering effects of the 2008 “Great Recession” continues to affect Oregon businesses, especially with regard to estate planning and business succession.
Thursday, June 19, 2014
BY MONICA ENAND | GUEST CONTRIBUTOR
Nine tips for building habits among employees to respond when needed.
Friday, July 18, 2014
BY JASON NORRIS | OB GUEST CONTRIBUTOR
Back in May, we shared a common Wall Street quote about investing, “Sell in May and go away.” Fast forward to July and the most common question we have been getting from clients is, “When is the market pullback going to occur?”
Thursday, June 12, 2014
BY ANDREA DURBIN | OB GUEST BLOGGER
Last week, the Obama administration took an important and welcomed step in the effort to protect the health and well-being of all Oregonians by limiting carbon pollution from existing power plants.
Tuesday, July 08, 2014
BY LINDA BAKER | OB EDITOR
The New Yorker recently published a sharply worded critique of “disruptive innovation,” one of the most widely cited theories in the business world today. The article raises questions about the descriptive value of disruption and innovation — whether the terms are mere buzzwords or actually explain today's extraordinarily complex and fast changing business environment.
Update: We caught up with Portland's Thomas Thurston, who shared his data driven take on the disruption controversy.
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