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Syracuse Herald Journal in Syracuse, New York

13 Aug 1985

Page 18

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Newspaper

Syracuse Herald Journal

Location

Syracuse, New York, United States of America

Date

Aug 13, 1985

Page

18

Market losses threaten Finger Lakes grape farmers in fall

New York grape growers face a disastrous season as Taylor Wine Co cuts purchases sharply, leaving 150 to 200 farmers at risk of going out of business. The drop in New York wine demand, global surplus, and weak prices push many growers toward drastic restructuring and possible bankruptcy.

MENTIONED IN THIS ARTICLE

Finger Lakes Penn Yan New York Taylor Wine Co Taylor James Trezise New York Wine Council Hammondsport Company Sam Aaron Sherry Lehmann Inc New York City Taylor Company Coca-Cola Joseph Seagrams & Sons Co Michael Doyle New York State Wine Grape Growers Inc Keuka Lake Warren Morse Morse Bob Ed Pinneo
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Farmers win tax exemption for new fruit plantings

New York Gov. Mario Cuomo signed a law granting a partial property tax exemption for farmers planting fruit trees and grape vines. The five year relief starts at 90 percent and falls to 20 percent, aiding growers facing financial losses amid weak markets. The measure targets new plantings under five years old and is expected to reduce tax collections by about $85,000 annually.

MENTIONED IN THIS ARTICLE

Mario Cuomo Cuomo New York New York Farm Bureau
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