Wine investments in Argentina decreasing

Exports are going up but the investments in new wineries are decreasing. Land prices have gone up sharply and have now reached around 15 000 USD per hectare for virgin wine land and between 20 000 and 35 000 USD/ha for vineyards in production. With a grape price around 1.2-1.3 USD/kg it may take up to 30 years to amortise an investment (on the top quality land grape prices may of course be higher). According to Vitishpere.com