Vine pull schemes are programs whereby grape growers receive a financial incentive to pull up their grape vines, a process known as arrachage in French. A large program of this kind was initiated by the European Union (EU) in 1988 to reduce the wine lake glut from overproduction and declining demand. In the first five years of the program, growers, mainly in southern France and southern Italy, were paid to destroy 320,000 hectares or 790,400 acres (3,199 km2) of vineyard. This was the equivalent to the entire vineyard area of the world's fourth largest grower of grapes, the United States. The EU has recently[clarification needed] resumed a vine pull scheme and Plan Bordeaux proposes additional vine pulls to increase prices for generic Bordeaux wine.
It is believed that this has contributed to the "global wine shortage". Research by America's Morgan Stanley financial services firm says demand for wine "exceeded supply by 300m cases in 2012".
References
Further reading
Robinson, Jancis (Ed.) The Oxford Companion to Wine. Oxford: Oxford University Press, second edition, 1999.
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vine, pull, schemes, this, article, includes, list, references, related, reading, external, links, sources, remain, unclear, because, lacks, inline, citations, please, help, improve, this, article, introducing, more, precise, citations, december, 2018, learn, . This article includes a list of references related reading or external links but its sources remain unclear because it lacks inline citations Please help to improve this article by introducing more precise citations December 2018 Learn how and when to remove this template message Vine pull schemes are programs whereby grape growers receive a financial incentive to pull up their grape vines a process known as arrachage in French A large program of this kind was initiated by the European Union EU in 1988 to reduce the wine lake glut from overproduction and declining demand In the first five years of the program growers mainly in southern France and southern Italy were paid to destroy 320 000 hectares or 790 400 acres 3 199 km2 of vineyard This was the equivalent to the entire vineyard area of the world s fourth largest grower of grapes the United States The EU has recently clarification needed resumed a vine pull scheme and Plan Bordeaux proposes additional vine pulls to increase prices for generic Bordeaux wine It is believed that this has contributed to the global wine shortage Research by America s Morgan Stanley financial services firm says demand for wine exceeded supply by 300m cases in 2012 References EditFurther reading EditRobinson Jancis Ed The Oxford Companion to Wine Oxford Oxford University Press second edition 1999 This wine related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Vine pull schemes amp oldid 1028959284, wikipedia, wiki, book, books, library,
