The Appraisal Institute, the leading association of real estate appraisers, releases episode three in season three of its popular “Face Value” podcast, hosted by Tonia Vailas, MAI, AI-GRS and Warren Boizot, SRA, AI-RRS.

The episode focuses on Wine Appraisals featuring guest Nick Cadigan, MAI, the Appraisal Director for American AgCredit’s Northern California region who specializes in vineyard and winery appraisal. In advance of the podcast recording, Cadigan sent hosts Boizot and Vailas a Chardonnay and a Pinot Grigio in order to taste the two wines in real-time during the podcast. In addition to providing some wine tasting tips, Cadigan discussed some of the challenges to acquiring information on vineyards in order to appraise them. He defined ABA and talked about its role in the valuation. Cadigan also discussed some major changes that may affect the valuation of vineyards, including a decline in wine consumption among millennials and the effect of climate change on production. At the end of the episode, Vailas and Boizot ranked the wines they tasted.

Appraiser-centric -- in line with all the Appraisal Institute’s communications -- the new Face Value podcast is targeting audiences across the wider real estate industry. Member input and podcast ideas are welcome and encouraged, please send them to facevalue@appraisalinstitute.org.