This session will begin by discussing the state of the wine industry and highlighting key trends that have shaped the wine market in recent years. This will be followed by an examination of the current economic landscape and the near-term outlook for the California wine industry. The session will conclude with a discussion of the challenges facing California wineries and wine growers and opportunities to improve their competitive position in the marketplace. 

This session explores how to effectively integrate sustainability practices into your wine business while staying attuned to the evolving ESG and sustainability regulatory landscape. It draws from the presenter’s experience as Vice President of Sustainability for one of California’s largest family owned wine companies, where he oversaw the development of a comprehensive business sustainability program that generated nearly $30 million in cost savings through the direct implementation of sustainability initiatives. 

Our executive panel will address critical topics including, rising costs against the challenge of taking price, interest rate dynamics and the impact on inventories, managing what is still a tight labor market and acquisition of younger consumers to the wine category. Gain firsthand insights from industry leaders as they share experiences, solutions, and best practices to optimize business performance and drive success in the dynamic world of wine. 

Explore emerging tech trends and advancements, offering a glimpse into the future of winemaking, distribution, consumer engagement, and beyond in this session. Gain insights that will equip you to harness the potential of technology and position your business for success in the evolving landscape of the wine industry. 

This session will examine critical areas including inventory costing strategies, various methods of accounting, year-end auditing considerations, essential terminology, GAAP fixed assets treatment, and a comprehensive guide to understanding California grape crush reports. Enhance your financial expertise within the wine industry, ensuring accurate reporting, compliance, and effective decision-making. 

Our panel of speakers will provide expert insights into decoding custom crush contracts, demystifying insurance policies, and ensuring a clear understanding of coverage. Gain the tools to confidently navigate legal agreements and insurance policies, ensuring you know what you are, and aren't, covered for in the wine industry.

Continuation of previous session.

A detailed analysis of crucial tax topics, including the cash vs. accrual dilemma, the 25-million-dollar exception, navigating the complexities of 263A regulations, and insights into the application of LIFO will be covered in this session. Equip yourself with a nuanced understanding of tax inventory methods to optimize compliance and tax-saving strategies within the wine industry. 

This session will provide a comprehensive overview of minority and majority interest valuations, covering four distinct methods. Learn how to effectively review valuation reports and identify key areas to challenge during the review process, empowering you to make informed decisions and enhance your proficiency in assessing valuation matters within the wine industry.