As the demand for cognac around the world rises – and particularly in light of the Asian and U.S. markets, naturally the price of the land where the grapes are grown is also on the up. And this is true for all areas of the Cognac growing region.
Cognac vineyards become more expensive
From the year June 2011 – June 2012, 166.7 million bottles of cognac were exported. That’s an increase of 5.6 per cent over the previous 12 months. And whilst this is great for the industry, another good piece of news is that there are reports of Charentais wine growers actually postponing their retirement to take advantage of this golden age of cognac.
And it might well be the best thing to do, as the cost of a hectare of Cognac vineyard is rising all the time. One thing that’s interesting to see is that there’s a difference depending on which department the land is in – even if it’s of the same terroir as its neighbour.
In 2011, the average price of a hectare of vineyard in the department of Charente was €35,000 (an increase of 12.6 per cent on the previous year). In the Charente-Maritime it was €26,700 (up 13.1 per cent).
In comparison, a hectare of vineyard in the Armagnac region of the Gers is trading at a mere €11,000.
In the latest report produced by the Direction Régionale de l’Alimentation, de l’Agriculture et de la Forêt (DRAAF), the increase in prices is directly affected by an increased number of buyers versus a very limited number of hectares available.
List with all prices in hectares and euros
Individual figures for various crus/departments are as follows:
- 1 hectare Grande Champagne (Charente) – €40,000 – (increase of 14 per cent)
- 1 hectare Borderies (Charente) – €38,000 – (increase of 19 per cent)
- 1 hectare Borderies (Charente Maritime) – €32,000 – (increase of 7 per cent)
- 1 hectare Petite Champagne (Charente ) – €30,000 (increase of 3 per cent)
- 1 hectare Petite Champagne (Charente Maritime) – €30,000 – (increase of 7 per cent)
- 1 hectare Fins Bois (Charente on the Jarnac side) – €40,000
- 1 hectare Fins Bois (Charente on Blanzac side) – €30,000
- 1 hectare Fins Bois (Charente Maritime) – €30,000 – (increase of 20 per cent)
- 1 hectare Bons Bois (Charente) – €18,000 – (increase of 20 per cent)
- 1 hectare Bons Bois (Charente Maritime) – €16,000 (increase of 7 per cent)