Despite national news stories about a surge in foreclosures of wineries and vineyards, Napa wine leaders think it doesn’t give the true picture.

 Bloomberg News reported that there will be as many as 10 wineries and vineyards in the Napa that will be sold because of foreclosure or distressed sales in 2010 and possibly next year.

 According to a recent article in the Napa Valley Register local leaders say that loans are still being made, the industry is on the upturn and there are many good indicators such as stable grape prices. They also say that considering there are more than 500 wineries and 1,000 vineyard properties the number in distress is a quite small.