[27 November/ NZ Herald]

The huge growth in global demand for Sauvignon Blanc wine has put pressure on existing vineyard area, and has left win companies hunting down new areas for grape supply that still fell within the Marlborough region. Options for buying more land were becoming increasingly capital hungry, as vineyard prices started to top $300,000 a hectare in the more desirable areas. Bayley’s Rural Agent, John Hoare said he was starting to vineyard owners in the region opting to contract their vineyards out to large wine companies on a fixed term, fixed lease payment basis. Mr Hoare added that payment would generally equate to about 7 percent of the land value.