Monday, April 20, 2009

Ag Economic News

2008 Grape harvest--Putnam photo

Wine Industry Growing
Boise--The Idaho Business review reports that Idaho’s wine industry produced $52 million in revenue in 2008– up from $15 million in 2002 . The growing industry accounted for 625 full-time jobs and paid out $19 million in wages according to the Idaho Grape Growers and Wine Producers Commission and Boise State University.

Idaho now has 38 wineries, three times as many in 2002. This growth boosted the industry’s total economic impact and increased tourism to Idaho’s grape-growing areas, the commission said in a release.

“As Idaho’s reputation grows, there is a tremendous opportunity for growth for the industry,” the commission said. “Future growth of the wine industry will continue as a result of increases in national wine consumption as well as Idaho’s grape-growing potential.”

The federal government’s recent designation of the Snake River Valley as an American Viticultural area bodes well for the wine industry’s growth in Idaho, as do favorable soil and climate conditions, the commission said.

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