Aftershocks of the Napa earthquake take its toll on the wine industry
NAPA, August 25, 2014 — It may take months, if not years, to fully amass the financial loss the recent earthquake to the Napa area. This world-class wine producing region was rocked by a 6.1 earthquake two days ago that was epicentered in the American Canyon area just south of the city of Napa. Early estimates are as high as $1 billion according to catastrophe risk modeler, Eqecat.
The Napa Valley Vintners trade association released a statement stating that it’s taking steps to serve as a resource of the 500 members by relaying news bulletins that pertain to updated earthquake state reports and will help with the addition of its Earthquake Relief section to the online Vintners Forums.
Bullet points from its news bulletin are:
• Some NVV member wineries did sustain damage to their barrel storage areas, wine inventory and production equipment over the weekend, but details are not currently available.
• There were no reports of winery employees being injured by the earthquake.
• The majority of the wine that is at the wineries right now is from the 2012 and 2013 vintages – the two most abundant vintages ever. While some individual wineries may experience inventory shortages as a result of the earthquake, it is not expected to have a significant impact on Napa Valley wine inventory in general.
Here’s a drone fly-over video showing some of the damage the city of Napa sustained:
We have reports coming in from many wineries with pictures of the damages coming in from social media: