E. & J. Gallo, the world's largest family-owned wine company, continues to see premium wine as the future. Wine Spectator has learned that the company has agreed to buy Stagecoach Vineyard, a 1,300-acre site on Pritchard Hill in Napa Valley. The rocky hillside site has 600 planted acres of vines in an area increasingly recognized for producing quality fruit. It is also the largest contiguous vineyard in Napa at a time when vineyard land is becoming more and more precious.
Wine, Lifestyle & Real Estate News Feed
Growth predicted for the premium segment of the wine market, winery acquisitions to remain high through 2017 as "they aren't making land anymore", farm labor supply and costs are the dominant concerns in the wine business in 2017.