Posted on 08/25/2014 12:27:30 AM PDT by Citizen Zed
The earthquake that rocked the region also rocked billions of dollars of world-renowned Napa Valley wine.
David Duncan, president of Silver Oak Vineyards, was worried he lost "every single barrel." Instead, he seemingly got off easy; he only lost three barrels, but they were a top quality vintage.
Each of barrel holds 25 cases of wine, and each case can cost $1,300. So they lost about $100,000 in "just in the three barrels," Duncan said.
Napa Valley is home to nearly 800 wineries that produce roughly a quarter of the nation's wine.
The area was already affected by severe drought.
Now the quake's impact has rippled though the entire economy, right down to the visitors who've come here to enjoy the fall harvest.
The impact on the $13 billion wine industry is still unclear.
(Excerpt) Read more at cbsnews.com ...
Methinks the appropriate response to this claim is "hogwash."
Napa Valley just isn't that big.
By volume it produces only about 4% of of CA's wine, much less that of the whole country.
http://thirstyreader.com/for-wine-geeks-only-napa-valley-by-the-numbers/
The dollar value of Napa wine is higher. 2013 earned growers $638M. Total US is somewhere around $2500M, which puts Napa close to 25%.
I'm no expert in this field, so the two statistics might not be directly comparable.
Seems unlikely to me that roughly 3% of the crop would earn 25% of the dollars, but then wine is different from other crops.
“...he only lost three barrels, but they were a “top quality vintage.” ........
It was insured for HOW MUCH?
The author has a DRY sense of humor...
Bingo!
Setting up the meme for a government bailout.
Another reason to drink beer instead.... In cans
Setting up the meme for a government bailout.
++++++
I’m sure Nancy Pelosi is right on it, as we type.
The author has a DRY sense of humor...
******************************************
While Napa Valley was hit, thankfully Boone's Farm was spared. They had installed earthquake attenuating devices under their casks. These devices are called Annie Green Springs.
Y’all reckon my MadDog 20/20 made it thru the shake-n-quake?
another excuse for ZerO to use as to why things aren’t going quite well.
It took me a SEC to get the joke...well played!
I heard TJ Swann spent quite a few summer nights getting that retrofit done...
Somewhere, my wife’s niece is crying.
As the locals say:
“Sonoma makes wine, Napa makes auto parts”
Actually I have favorites in both valleys.
I heard TJ Swann spent quite a few summer nights getting that retrofit done...
We better stop at that... folks will think we've been helping with the cleanup...
:-)
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