For the first time since 1993, Argentina has had to import wine from Chile to keep up with demand. A major drought in Mendoza has led to a 30% drop in its red wine production. 2% of Argentine wine is now Chilean. 900,000 hectares of Argentine vineyard has seen a 60% fall in production. That's pretty serious.
This should give pause for thought for those who have been cheerleading Argentine vineyard real estate for the last few years...Chile's a far better and safer bet on so many levels. And there's plenty of water here.
If you're interested in buying a vineyard or real estate in Chile, please just get in touch: Chile Investments.