Defaults squeeze Napa vintners
Falling land values, frugal drinkers drive foreclosures
Posted: March 14, 2010 at 6:07 a.m.
A worker applies a mixture containing pine to prevent disease from attacking freshly pruned grapevines earlier this month at a vineyard in Napa, Calif.
In California’s Napa Valley, producer of the mostexpensive U.S. wines, 2010 may be a vintage year for foreclosures as the industry is squeezed by falling land values and a consumer shift to cheaper brands.
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Business, Pages 69 on 03/14/2010
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