Wines & Vines

September 2012 Winery & Vineyard Economics Issue

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SEPTEMBER — WINERY & VINEYARD ECONOMICS ISSUE Special Report: Wine Industry Finance 24 COVER ST OR Y ECONOMICS Leasing and Cash Flow 36 Hidden Deductions 40 TE CHNICAL REVIEW Going Underground 46 MANAGEMENT New Teaching Winery 52 Real Estate Interview 58 Architect's plan for Yavapai College involves transforming racquetball courts into a cellar. Central Coast Realtor offers perspective on sales. Rethinking Wine Schools 64 Organic Weed Management 61 Students may not get enough business education. GRAPE GROWING Options for commercial organic grapegrowers. CENTRAL CALIFORNIA Vines Under Wraps 78 Pennsylvania growers and state viticulturist dis- cuss use of 'hoop houses' to protect vineyards. 6 WINES & VINES SEPTEMBER 2012 EAST FEATURED IN THIS ISSUE REGIONS COVERING NORTH AMERICA 52 Tres Sabores' owner-winemaker repurposes equipment for small, handcrafted lots. 24 Leading companies offer long- and short-term leases to cover operating and capital needs. Wine accounting experts outline the savings now available despite pending tax increases. DEPARTMENTS Contributors 4 Editor's Letter 8 The Story Behind the Top 20 Lenders. By Jim Gordon Wines & Vines identifies the top 20 lenders and details their roles in sup- porting vineyards and wineries. Wine Industry Metrics 10 High-Priced Wines Sold DtC and by Flash Resellers; Blue- Chip Cabernets Push Up Flash Prices; Ste. Michelle Domi- nates $8-$10.99 Wine Sales. News Headlines 14 Vintners, Growers Reunite in Mendocino; Women's Wines; Vine Stress; Blazes Devastate Wineries; Organic Certifiers to Merge; Naked Wines Builds U.S. Arm; B.C. Studies Vine- yard Skills Shortage. Product News 22 The Latest Supplier Offerings. Faces & Forums 23 ASEV-ES Bestows Awards and Scholarships. 36 Event Preview 60 The Hong Kong Wine & Spirits Fair Begins Nov. 8. Inquiring Winemaker 66 U.S. Research Trails the World. By Tim Patterson Grounded Grapegrowing 72 A Look at Canopy Manage- ment. By Glenn McGourty Advertisers' Index 82 WINE EAST IN WINES & VINES News from Eastern North America 75 Winegrape Renamed; Eastern Wine Industry Meets in Michi- gan; Pennsylvania's Past. NORTHWEST TOP 20

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