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The world has too much wine, and farmers are ripping up vines

Bloomberg
Bloomberg • 5 min read
The world has too much wine, and farmers are ripping up vines
File photo of a UK vineyard seen during harvesting in 2023 / Photo: Bloomberg
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Australian grape grower Tony Townsend destroyed half his 14-hectare vineyard last year.

The fields were healthy and vibrant, but he estimates he would have lost about A$35,000 ($31,000) to harvest them. While a heatwave is holding him back from ripping out the rest, he plans to finish the job once the weather cools — losing all the vines he’s tended for the past decade.

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