Barbara Banke, widow of Stonestreet Farm owner Jess Jackson, has not only grown Stonestreet's racing operations since she took over for her husband, but the couple's Jackson Family Wines also.
In the last two years, Banke has added several high-profile land purchases to the company, including 14 new properties and 2,800 acres. Several of the acquisitions are in Oregon, where Banke plans to add an Oregon Pinot Noir to the company's repertoire.
Unlike the wine business, Banke told the Wall Street Journal's Lettie Teague that the Thoroughbred business “wasn't about making money.”
“Wine is profitable,” she added. “Wine is manageable. Even in the worst harvest, we still get something out of it.”
Read more at the Wall Street Journal
New to the Paulick Report? Click here to sign up for our daily email newsletter to keep up on this and other stories happening in the Thoroughbred industry.
Copyright © 2016 Paulick Report.