Insane vineyard prices

What would you pay for an acre of vineyard land? Ten, twenty, thirty grand? Don’t forget you’ll have to buy and plant the vines, trellis systems, etc. etc. It adds up. How about $200,000 per acre? $1 million? If you’ve got the cash, you can find the land for that.

Dr. Vino (a good blog and Twitter account, if you’re interested) posted an interesting article today on vineyard prices and economics, specifically related to Burgundy vineyards. There’s a good (short) video to watch too. As Dr. Vino quoted from the video:

It’s a way to preserve capital…You’re buying Treasury bonds today at 2%. What would you rather buy, US treasury bonds or a piece of grand cru in Burgundy where you’re getting 1%–and the dividend is bottles of wine! So it’s not a bad deal!

Pretty interesting to think of vineyard acreage strictly as investment material. Maybe one day.

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