Talk about a global wine shortage has been making headlines but according to a vineyard in Central Kentucky, it could happen.
First Vineyard is America’s oldest vineyard. It is more than 200 years old. Although it only produces about 6,500 bottles of wine each year, owner Tom Beall says the vineyard adds to the history of the property.
“So many people think the wine industry started in California but we were actually producing grapes and wine 60 years before they were even a state,” said Beall.
According to a report from Morgan Stanley Research, the world is headed for a wine shortage. The report says poor production in Europe and wine drinking demand in China are draining bottles.
Tom Beall, owner of First Vineyard, agrees. He says demand in China is up 150% and Americans are drinking twice as much wine while vineyards are declining.
“I think there's a very real possibility, that there may be a shortage. To what extent, I don't know but you can't have increase consumption and decreased acreage and it not somewhere a long the line, maybe meet or go past each other,” said Beall.