Wines & Vines

September 2013 Wine Industry Finance Issue

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SEPTEMBER — WINE INDUSTRY FINANCE ISSUE WINE INDUSTRY FINANCE 2013 DEPARTMENTS Economic Recovery Strengthens Credit 28 What Napa Farmers Want After 100 Years. By Jim Gordon Panel shares views about trends, deals and rates. Wine Industry Metrics 10 CREDIT In this follow-up to our inaugural Special Report: Finance, published in September 2012, Wines & Vines finds the start of rate increases don't negate the low cost of borrowing. By Ben Narasin Q&A: What Insiders Think 32 Winery Jobs, DtC Shipments Increase by Double Digits; Decline in Flash Offers Slows. News Headlines 14 28 44 Unorthodox Financiers 36 Funds and expertise with steady management. The Price of Prestige 40 Winery Acquisition Ups French Stake; SIMEI Returns; B.C. Winemakers Talk Tannin; Growers Brace for Syrah Decline; High Tech, Low Cost; Blind Trials; Wine Drinkers' Lobby; Foley Buys Magazine; Hong Kong Prepares for Wine Fair. Plus News Bytes and Briefs. Tasting Room Focus 25 Prime French vineyard properties soar in price. Product News 26 Latest Winery & Grower Offerings and Developments. TECHNICAL REVIEW Finding the Right Fit 44 Kosta Browne to crush in custom-built winery. PRIVA EQUI Contributors 4 Editor's Letter 8 Faces & Forums 27 ASEV-ES Gathers in N.C. Inquiring Winemaker 68 74 Vintners Keep Wine Writers Honest. By Tim Patterson Advertisers' Index 81 Viewpoint 82 Inspection & Compliance 52 Melding Business and Wine Production. By Paul Franson The FDA must inspect all U.S. wineries by 2018. WINE EAST IN WINES & VINES Amendment Deductibility 58 News from Eastern North America 75 Expenditures may be capitalized or expensed. Virginia Tech Enology Team; Wine for Virginia Celebration. Food With Your Wine? 60 Few limitations for Temecula winery-restaurants. Best & Worst Decisions 64 New York state proprietors evaluate history. NORTHWEST CENTRAL CALIFORNIA The Resurgence of Cider 74 Approaches to commercial cider production. 6 W in e s & V i ne s SE P T E M B E R 20 13 COVERING NORTH AMERICA EAST REGIONS FEATURED IN THIS ISSUE

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