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From: lewis.perdue@wineindustryinsight.com

Subject: Wine Sales Dive, Mobius Settles, Salmon Threaten Frost Water, Cosentino Defaults, WINE INDUSTRY INSIGHT

Date: 2009-04-09 11:39:39

To: Emailing List Subscriber
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WINE INDUSTRY INSIGHT

EMAIL EDITION - VOLUME I, NUMBER 80 - April 9, 2009


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IN THIS ISSUE:

  • March Wine Sales Dive, Champagne Goes Splat, Reversing Two Months of Healthy Gains

  • Feds Push California To Ban Russian River Water For Frost Protection

  • Cosentino Defaults On Loan Interest, Says Current Banks Won’t ReFi

  • Ten-Year Financial Saga of Mobius Painter Winery Coming An End



WINE INDUSTRY INSIGHT NEWS FETCH


Feds Push California To Ban Russian River Water For Frost Protection

The National Marine Fisheries Service (NMFS)  has called for an immediate ban on the use of Russian River water for frost protection.

In a recent letter to the California Water Resources Control Board (WRCB), NMFS official Steven A. Edmondson cited two 2008 fish kills as examples of why he feels emergency action is required.

“Last April our Office of Law Enforcement was notified of two episodes of fish stranding mortality,” Edmondson’s letter stated. “Steelhead fry perished along the mainstream Russian River near Hopland and coho salmon died in Felta Creek, tributary to Mill Creek, thence Dry Creek. These events occurred during a severe frost event that co-occurred with a dry spring.”

He asserted that the fish kills violate the Federal Endangered Species Act

The issue is likely to grow hotter with the revelation of a similar frost-linked fish kill last week in the Russian River near Healdsburg and the April 8 cancellation of salmon season in California and southern Oregon.

Edmondson’s letter ended by urging the board “to take immediate action, such as implementing emergency regulations, to protect this important public trust resource from further harm.”

EDMUNDSON LETTER PROMPTS PUBLIC WORKSHOP

The letter from Edmundson prompted the WRCB to hold a workshop on the issue in Sacramento on April 7.  Invited speakers at the workshop included:

  • David Hines, NMFS
  • Derek Roy, NOAA Office of Enforcement (NMFS is part of NOAA)
  • Glenn McGourty, University of California Cooperative Extension, Division of Agriculture and Natural Resources
  • Rick Macedo, California Department of Fish and Game (CDFG)
  • Rick Macedo and Tracie Nelson, CDFG
  • Pam Jeane, Sonoma County Water Agency
  • Sean White, Mendocino County Russian River Flood Control and Water Conservation Improvement District
  • Kevin Taylor, Department of Water Resources
  • Drew Aspegren, Napa Valley Vineyard Engineering
  • David Koball, Fetzer Vineyards

Written public comments on the issue came from both sides of the issue.

The WRCB gave no timetable for deciding on a course of action. Regardless, its decision will affect the entire Russian River watershed.


March Wine Sales Dive, Champagne Goes Splat, Reversing Two Months of Healthy Gains

After two months of spectacular gains, overall U.S. table wine sales plummeted in March, barely avoiding negative territory, according to Wine Industry Insight’s analysis of data from Information Resources Inc.

March wine sales plunge

March wine sales plunge

Champagne and sparkling wines fared far worse, cratering into double-digit declines. (Continued in VIP subscriber center.)

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Cosentino Defaults On Loan Interest, Says Current Banks Won’t ReFi

Napa Valley’s Cosentino Signature Wines said it is in talks with third parties over a refinancing of its $26.3 million debt facility after the company’s main lenders indicated that they were unlikely to be able to restructure the finance facilities.

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Ten-Year Financial Saga of Mobius Painter Winery Coming An End

The ten-year saga of Mobius Painter Winery & Cellar (aka Winery Disposition Group) looks headed for closure, according to documents filed April 7 with the U.S. Bankruptcy Court for the Northern District of California.

Judge Alan Jaroslovsky approved a plan that hinges on the sale of the proposed winery’s 15 acres of land in northern Sonoma Valley to Healdsburg vintner Ken Wilson.

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ALSO:

BACKGROUND ON MOBIUS PAINTER IN WII’S 3-PART SERIES

MOST RECENT VIP ARTICLE ON MOBIUS PAINTER/WDG

Following a contentious confirmation hearing on the Mobius Painter/Winery Disposition Group (WDG) reorganization plan, U.S. Bankruptcy Judge Alan Jaroslovsky has scheduled a continuation to begin at 10 a.m., March 26 in the Santa Rosa courtroom.

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The full text of the following court documents are available in the Data Cellar to VIP Subscribers:
================= CONTACT DATA ====================
Lewis Perdue
670 W. Napa St., Suite H, Sonoma, CA 95476
Phone: 707-326-4503, fax: 707-940-4146
Email: lewis.perdue@wineindustryinsight.com