The pace of transactions for Oregon wineries and land in wine country is picking up significantly, and it’s being helped along by capital infusion from California, France and Washington state.
The Oregonian reports (http://bit.ly/1cR08Gw ) a number of factors, from relatively cheap land prices to availability of water, are driving the trend.
Oregon, which makes only about one percent of the wine California does annually, has seen purchases by the major California interest Jackson Family Wines, Seattle’s Precept Wine and France’s Maison Louis Jadot.
Through August, Oregon recorded an increase of nearly six percent in volume sold. California wine, by comparison, saw an increase of only 1.4 percent.
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Also indicative: Oregon wine sold for an average of $15.32 per bottle compared with California’s retail price of $6.13.