Kentucky bourbon inventory reaches 40-year high
Kentucky's bourbon boom is showing no signs of peaking as distilleries keep up a production pace unmatched for decades.
The Kentucky Distillers' Association says the state's bourbon inventory reached a 40-year high last year with nearly 5.7 million barrels aging in warehouses. KDA says that's the highest inventory level since 1975, when the state's distilleries reported 5.8 million barrels.
The group said Thursday that Kentucky distilleries filled 1.3 million bourbon barrels last year – the highest production mark since 1970.
It's the third straight year the million-barrel production mark was reached.
To meet growing demand, Kentucky's bourbon industry is in the midst of a big expansion. KDA says its members have completed or plan more than $1.3 billion in capital projects as part of a 10-year growth spurt.