We give you all the information on the price of vines, necessary for the evaluation of a vineyard, in France since 1991. Discover the evolution of the valuation of vineyard owners over the last 30 years in France.
The Ministry of Agriculture published in November 2020 the indicative scale of vineyard values in France in 2020. This annual indicator is based on transaction statistics produced by the SAFER.
The sanitary situation has had a real impact on transactions and on the evolution of prices. Thus, only 8,190 sales (for 14,600 ha of vines) were recorded in 2020, i.e. 1.87% of the surface area of vines, compared to 9,200 sales (for 18,300 ha) in 2019, i.e. a drop of 11% in the number of sales but 20% in terms of surface area.
Several figures are available in these statistics, in particular the average price according to the category of vineyard:
We have compiled the data since 1991 in order to have a vision over 30 years which gives very strong lessons.
We note a very significant increase in the price of PDO vines since that date. Outside Champagne, the price increase is less impressive but remains very strong.
For eaux-de-vie, the crisis in the Cognac market in the 1990s now seems to have been forgotten: prices have risen from an average of €14,000/ha in 1999 to €55,000 in 2020.
On the other hand, the price of vines outside the PDO has remained at a very low level over the last 30 years, rising from €10,000/ha to €14,500/ha in 2020, which is the same level as the cumulative inflation since that date.
Figures are also available by vineyard and by PDO. The decline in the number of transactions and surface areas means that once again the figures must be studied with caution.
The evolution of prices since 1991 gives a more interesting view.
You will find in our blog, in the category "The price of vines", an article for each vineyard presenting the detailed prices by appellations and by departments.
| Alsace | Cognac | Corsica | Burgundy | South-West | |||||
| 1991 | 39,9 | 47,8 | 28,7 | 6,6 | 91,8 | 8,5 | 13,3 | 19,9 | 22,5 |
| 1992 | 42,8 | 50,5 | 30,3 | 6,6 | 80,1 | 8,5 | 13,3 | 21,7 | 22,1 |
| 1993 | 47,2 | 41,3 | 26,5 | 6,6 | 70,1 | 8,5 | 13,4 | 18,9 | 20,8 |
| 1994 | 56,5 | 38,3 | 25,8 | 6,6 | 68,9 | 8,8 | 14,0 | 17,9 | 21,0 |
| 1995 | 63,0 | 37,5 | 24,1 | 5,5 | 69,2 | 8,8 | 13,4 | 17,4 | 21,2 |
| 1996 | 61,4 | 40,3 | 22,5 | 6,6 | 69,7 | 9,2 | 12,5 | 16,6 | 21,6 |
| 1997 | 73,5 | 42,6 | 19,5 | 6,9 | 73,6 | 9,2 | 12,8 | 17,1 | 21,8 |
| 1998 | 86,2 | 52,9 | 15,9 | 7,0 | 79,7 | 10,6 | 13,1 | 18,0 | 24,0 |
| 1999 | 81,4 | 58,2 | 14,3 | 7,0 | 86,1 | 11,9 | 14,4 | 20,7 | 28,0 |
| 2000 | 90,5 | 66,9 | 15,1 | 7,1 | 90,1 | 13,1 | 16,0 | 22,1 | 31,5 |
| 2001 | 106,7 | 67,5 | 15,0 | 7,3 | 94,8 | 13,3 | 16,3 | 24,1 | 35,3 |
| 2002 | 106,6 | 69,9 | 15,5 | 8,8 | 98,7 | 13,9 | 18,1 | 24,3 | 39,9 |
| 2003 | 135,0 | 66,3 | 16,9 | 10,8 | 102,1 | 14,3 | 18,1 | 25,4 | 42,7 |
| 2004 | 153,1 | 63,2 | 17,4 | 11,5 | 103,8 | 13,1 | 17,5 | 25,7 | 41,2 |
| 2005 | 158,3 | 61,5 | 18,3 | 12,1 | 105,4 | 11,7 | 14,8 | 25,3 | 34,7 |
| 2006 | 142,2 | 58,2 | 20,8 | 11,1 | 107,7 | 10,9 | 14,1 | 25,4 | 34,1 |
| 2007 | 126,4 | 62,7 | 24,1 | 11,2 | 114,0 | 11,1 | 13,9 | 26,2 | 34,0 |
| 2008 | 130,6 | 67,7 | 25,3 | 11,2 | 116,9 | 11,3 | 14,0 | 27,7 | 35,2 |
| 2009 | 132,9 | 68,4 | 26,6 | 12,7 | 122,7 | 11,6 | 13,6 | 27,9 | 36,5 |
| 2010 | 134,1 | 71,6 | 27,8 | 15,7 | 126,8 | 11,8 | 13,7 | 27,5 | 36,8 |
| 2011 | 132,6 | 79,4 | 31,4 | 15,7 | 132,2 | 12,0 | 13,7 | 27,1 | 37,2 |
| 2012 | 139,9 | 82,0 | 35,3 | 17,5 | 135,5 | 11,8 | 13,5 | 27,7 | 37,5 |
| 2013 | 126,2 | 82,8 | 39,1 | 17,9 | 141,9 | 11,7 | 13,7 | 28,1 | 38,9 |
| 2014 | 134,5 | 84,5 | 41,0 | 17,9 | 148,0 | 11,9 | 13,6 | 27,7 | 40,0 |
| 2015 | 127,3 | 89,5 | 42,8 | 21,5 | 157,9 | 12,0 | 13,7 | 27,7 | 41,8 |
| 2016 | 124,4 | 92,2 | 43,5 | 21,5 | 168,7 | 12,0 | 13,7 | 29,3 | 43,4 |
| 2017 | 133,4 | 95,1 | 47,1 | 21,4 | 176,9 | 12,2 | 13,8 | 30,4 | 45,8 |
| 2018 | 135,9 | 101,6 | 48,9 | 21,5 | 182,0 | 12,5 | 13,7 | 31,1 | 47,7 |
| 2019 | 137,9 | 105,1 | 51,9 | 23,2 | 189,2 | 12,7 | 13,4 | 32,3 | 49,3 |
| 2020 | 118,5 | 114,4 | 55,5 | 25,0 | 194,1 | 12,5 | 12,9 | 35,5 | 50,2 |
For the sake of visibility, we have separated the price of vines in Champagne from the other wine producing areas
Nevertheless, it is worth noting that the price of vines in Champagne has fallen for the second year in a row (-1.2%), after a more marked fall of 3.9% in 2019. This drop has a very limited impact compared to the explosion in prices over the last 30 years.
In summary, investing in quality vines (PDO) has been a very profitable investment over the last 30 years. In addition to receiving income from the vineyard (or the payment of a lease), a PDO vineyard owner has benefited from a strong revaluation of his assets.
