How to buy a vineyard when prices are down
bloomberg.com
bloomberg.com
So less than 40% of their winery's acreage is actually vine.
The one other winery for which the article gives numbers has a similar percentage.
Any here familiar, to comment on why so much expensive land is being left idle?
Prices are down now, and will continue to decline into the future, assuming consumption decline trajectory holds.
https://www.oiv.int/sites/default/files/2026-05/OIV-State_of...
https://www.just-drinks.com/news/wine-consumption-declines-t...
- Wine consumption in the EU is expected to continue falling over the next ten years driven by ongoing changes in how and what people drink, according to new findings from the European Commission.
- The group’s EU Agricultural Outlook 2025-35 expects wine consumption in the EU will decline 0.9% a year until 2035 to roughly 19.3 litres per capita, a 9% decrease on consumption per capita between 2021 and 2025.
So - Is there a World Wine Control Commission that is forcing all growers to leave X% of their land idle, in order to avoid a supply glut? Or massive gov't subsidies that allow individual growers still make their mortgage payments and payroll expenses, when reducing their vineyard's production by (say) 50% also reduced their vineyard's gross income by 50%?