Land prices have recently soared. You could buy a parcel for $500 to $1,000 an acre in 1998, says wine importer and grower Ian Hanna. Now it has rocketed to $4,000 to $5,000 an acre. "People see the wine business and think prosperity. So it becomes speculative."
Canadians Profit from Wine Country Land Prices
Anectdotal stories support the conclusion that Oklahoma's growing wine industry is having the same positive impact on land values.
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