Wines & Vines

September 2013 Wine Industry Finance Issue

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WineEastNews Composition of 1813 Varietal and Vintage Virginia Wine Board Member Winery or Vineyard Merlot 2010 Breaux Vineyards Merlot 2010 Chatham Vineyards Octagon 2010 Barboursville Vineyards Merlot 2011 King Family Vineyards Nebbiolo 2011 Barboursville Vineyards Chambourcin 2012 James River Cellars Winery Chambourcin 2012 Executive Mansion Vineyard Petit Verdot 2012 Silver Creek & Seaman's Orchards Petit Verdot 2012 The Vineyard at Point Breeze Petit Verdot 2012 Veritas Vineyard & Winery Viognier 2012 Barboursville Vineyards general manager and winemaker, Luca Paschina; viticulturist and vineyard consultant Lucie Morton; King Family Vineyards winemaker, Matthieu Finot; Veritas Vineyard & Winery winemaker Emily Pelton and Virginia secretary of agriculture and forestry Todd Haymore. In August 2012 Maureen McDonnell, Paschina and Haymore harvested fruit from the Chambourcin grapevines at the Executive Mansion and took the grapes to Barboursville Vineyards to be fermented with grapes from the wineries and vineyards of Virginia Wine Board members. Because board members come from different AVAs in Virginia, the wine represents the state's geographic diversity. Paschina led the winemaking process for "1813" with his industry colleagues. According to Maureen McDonnell, "Virginia's '1813' brings together several important pieces of the Commonwealth's history and the special history of the Executive Mansion." Industry progress Gov. McDonnell's administration has worked with the state General Assembly to establish a reimbursable tax credit program for the establishment or expansion of vineyards and wineries. Additionally, dollars for research, education and marketing programs placed in the Virginia Wine Promotion fund have almost tripled since 2010. In the past three fiscal years, the sales of Virginia wines have averaged more than 8% growth per year. Sales of Virginia wine outside the state—both domestic and international—have increased by 39% from fiscal year 2011 to fiscal year 2012. Export sales of Virginia wines grew by more than 300% to more than 3,300 cases during fiscal year 2012; a significant portion of these sales were new sales to China and the United Kingdom. According to Annette Boyd, director of the Virginia Wine Board, Virginia is the nation's fifth-largest wine grape producer, and according to a 2012 economic impact study, the Virginia wine industry employs more than 4,700 individuals. The Virginia wine industry contributes almost $750 million to the Virginia economy, and more than 1.6 million tourists visited Virginia wineries in 2011. —Linda Jones McKee As good As it gets. Natural Corks Champagne Corks Twinline Corks Bartops VISION® Wine Stopper G-Cap® Screw Cap Sales Representatives Chris & Liz Stamp info@lakewoodcork.com Lakewood Cork 4024 State Route 14 Watkins Glen, NY 14891 lakewoodcork.com 607-535-9252 607-535-6656 Fax Win es & Vin es SEPT EM B ER 20 13 73

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