South American vineyards brace for another scorching summer

Moving higher into the Andes cuts the risk of heat-related damage, but exposes vines to other perils, including hail, landslides and flash floods. It takes a brave investor, with deep pockets, to stump up the cash for such a move. Outside Latin America, new vineyards are often funded by venture capital. But such sources of finance are comparatively scarce in the region. Most producers will probably end up staying put, and suffering the heat.■