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Wine Industry Struggles

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2009_07_napasign.jpgFrom top to bottom, the California wine industry is in a state of financial panic, but with harvest looming, most distressing is the uncertainty of the future: "People are drinking out of their cellars, the big distributors are throwing their weight around, and you add these things up, and from the winery perspective, the cash flow is brutal... Everybody figures this is kind of a temporary thing, that when restaurants burn through their inventory they're going to have to start buying again, and distributors, too. But everybody is wondering when the levee is going to break, and you have harvest coming up." [NYT]

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