Is Your Craft Beer Not Really Craft Beer?

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Feb. 26 (Bloomberg) -- Bloomberg’s Matt Miller breaks down what defines a true craft beer and which ones are owned by the big brewers on Bloomberg Television’s “In The Loop.”

Craft.

Did you know that your favorite brew is not as hip as you thought?

We are joined by matt miller, who is very hip.

I drank some beers that i thought were craft beers and they are actually owned by massive companies.

What is a craft beer?

A lot of people think that their brews are brewed in very small batches.

According to the brewers association, a craft beer is any brewer that makes less than 6 million barrels a year.

248 pints in each barrel, and even more, 6 million barrels, and the irs considers a small brewery.

The irs thinks you only have to make 2 million barrels.

Even fewer beers.

You know, i keep a little list on my iphone of what beers i like and what beers i don't like.

I was shocked to find a few of my favorites owned by anheuser-busch.

Goose island makes an ip that i absolutely of -- makes an ipa that i absolutely love -- does that make the beer taste worse?

No.

you might think shock top -- but you wouldn't think that blue point is owned by anheuser-busch.

You might think of blue mood because it has gotten so popular , but leinenkugel's owned by miller coors?

Kind of shocking.

It doesn't mean it is bad.

I am sure that the same is true with the big brewers.

Do they allow for the methods to stay the same?

They try to separate themselves in a lot of different ways.

For one thing, they create separate holding companies to own these smaller labels that they own.

Miller coors has a division to try to blur the lines.

Ab-inbev created the green valley brewery so that when you are on the smaller labels websites, they said that you are on their brewery and not -- what about the true craft brewers?

Are they getting squeezed out?

The true craft brewers get serious advantages protective bandages, for one thing.

If you brew -- tax advantages, for wanting.

If you grew less than 2 million barrels a year, you have to pay seven dollars per barrel on the first 60,000 you brew.

Kind of coveted, but you are only paying seven dollars in tax while everybody else is paying $18 in tax.

Almost one third of the tax that uncle sam demands from you.

There are other advantages to operating on that small scale.

Most craft brewers are really brew pubs.

There are 3700 brewers license last year, the most licensed since the 1800s. out of that, about one third of them were brew pubs, bars that happened to directories set up.

-- teresa.

It sounds like you have done a lot of taste testing.

I have been working on this story for 25 years.

Executives from credit suisse will be on the hill today to answer lawmakers' questions.

I forget coffee a -- and forget

This text has been automatically generated. It may not be 100% accurate.

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