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BBVA and the Canary Islands DOP – Canary Wine have signed a financial collaboration agreement to promote and promote wines covered by the DOP
The agreement signed last 5 February at the Canary Wine headquarters in La Guancha (Tenerife), promotes the growth of all winegrowers and winemakers attached to the association, through specific financing with long-term investment lines and current financing. On the one hand, Long-term investment encompasses financing lines for irrigation, ecological planting and conversion, as well as the entire range of loans and agro-leasing. Y, besides, short-term financing for working capital that takes the form of credit accounts and other financing products.
Besides, BBVA complements its specific financing offer for winemakers and winegrowers affiliated with the Canary Islands PDO – Canary Wine, with a personalized advisory service on agricultural insurance.
Juan Jesus Mendez, president of the DOP Canary Islands – Canary Wine, and Lorenzo Caballero, SME segment director at D.T.. Canary Islands, They sealed the agreement that reflects the commitment of the financial entity to the agricultural sector, with an offer of specific financing solutions for farmers and ranchers, that allows them to face the new challenges of the field and accompany the transformation of the sector towards a more sustainable model.
The entity's commitment to the agricultural sector is also reflected in the public agreements for the modernization of the sector with the Canary Islands Community., Government of Spain and SAECA (State Joint Stock Company of Agrarian Surety).
Canary Islands Protected Designation of Origin – Canary Wine
The Canary Islands Protected Designation of Origin – Canary Wine has established itself as the most relevant DOP in the Canary Islands, con 50 wineries and more 800 registered winegrowers. This achievement is due, largely, to the pyramidal wine rating system that it has implemented and designed, to adapt to the new reality of the wine sector and that allows differentiated labeling and certification by the DOP.
This regional classification system organizes wines according to their origin, ranging from the broadest level to the most specific: region, isla, municipality and plot. Thanks to this structure, The quality and authenticity of the wines produced under this figure of differentiated quality is guaranteed., thus promoting the recognition and prestige of Canarian wines both nationally and internationally..
Other elements that have inclined many wineries and winegrowers to adhere to this PDO is its continuous concern to facilitate operators' solutions to their problems.. A clear example is the digital field notebook, with AI algorithms to predict diseases and irrigation needs. The digital solution, CanaryWine.app, It is free for all winegrowers and, besides, Provides wineries with the necessary information so that they can comply with new labeling regulations. It also makes available the 'Third Country Program’ to support export.
The association also stands out for the wide range of training offered through the Canary Islands Wine Campus., with Sommelier courses, of viticulture, pruning, among others, and that allow attendees to stay up to date with the latest trends and knowledge.
Lastly, and with the aim of promoting scientific editorial content in the sector, the Canary Islands DOP has published the books “Conoce Canary Wine” (2021) y “The wine that perfumes the blood” (2022), and also organizes the Canary Wine History Conference together with the University of La Laguna.
