California’s wine industry is facing mounting pressure as changing consumer habits and weaker demand leave growers and producers searching for ways to stay afloat. Now, one established wine company is putting thousands of acres of land on the market, adding to concerns about the industry’s financial future.
McManis Family Vineyards lists thousands of acres
McManis Family Vineyards has put approximately 3,500 acres of property in Sacramento and San Joaquin counties up for sale, according to recent reporting. The properties include a winery facility and 10 vineyards, making the offering a significant move for the California wine business.
The sale comes as wine producers across California contend with a challenging market. Consumers are drinking less wine, while wineries and grape growers face pressure from excess supply and fewer buyers for their crops.
The company’s Canadian export business has also been hit particularly hard amidst trade wars, adding another challenge as producers look for ways to adapt to changing market conditions…