On 2013-08-15 06:13:49 +0000, Doug Anderson said:

>
> Actually I think the cost of real estate is at least as important. US
> wineries tend to be on land bought in the last generation or so for
> expensive California prices. European wineries are often on land that
> has been in the same family for generations so that even if local real
> estate prices might be high in principle, the owners don't have to be
> paying a mortgage on the land.
>

D'uh. That's a great point. Maybe in another 30 years we'll see some of
the notes paid off and some more competitve pricing.