Divining the future: vineyard investment

Leading viticulturalist Dr Richard Smart offers this assessment of the vineyard investment potential in Tasmania and China, both hotly tipped by the drinks business as places set to play increasingly important role in the future of wine production.

Dr Richard Smart (left) receives his award from Charles Metcalfe

His views, originally published in the drinks business September 2012 issue, come as Smart was awarded the International Lifetime Achievement Award at this year’s International Wine Challenge.

Presenting the prize at the annual IWC ceremony in London last week, the competition’s co-chairman Charles Metcalfe highlighted Smart’s achievements, saying: “he has four degrees including a PhD and a Doctor of Agricultural Science, but he is very far from an ivory-tower academic… he is a practical man at heart, happiest out in a vineyard. In fact, it could well be our winner who coined the phrase, ‘wine is made in the vineyard’ before it was the ubiquitous maxim it is today. Some refer to him as ‘The Flying Vine Doctor’.”

Read on for Smart’s consideration of the key factors which will affect China, Tasmania and indeed any other region’s potential for success as a wine production area and investment.

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