More Details on 'Money on the Vine'

Did you read the "Money on the Vine" article in the January-February 2014 edition of Disclosures and come away wanting more information on the wine industry? Moss-Adams, a leading CPA firm working in the wine industry, has released its Wine Industry Financial Benchmarking Survey.

• The survey found that:
• The wine industry has generally recovered from the recession
• Wine companies are seeing increased demand, particularly for bottles in the $10 – $20 price range
• The industry is focused more on expansion than in recent years
• Direct-to-consumer sales are on the rise
• Land values in wine regions have increased
• Growers are focused on increasing production and prices

The survey only covered wineries in California, Washington and Oregon, but the data is still illuminating for Virginia wineries and wine enthusiasts.

Here's our video interview with VSCPA member Lynn Carden, CPA, controller of Chateau Morrisette in Floyd County: