Billions Of Dollars Of Wine Lost In California Earthquake

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wine-earthquakeNapa Valley, Calif. – Napa is one of the nation’s best known wine regions. Wineries here produce nearly fifty million cases of wine every year that’s worth billions to the U.S. economy.

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 was 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.

Read more at CBS INTERACTIVE.

{Matzav.com Newscenter}

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