Wine industry won't seek more funding to handle grape over-supply
By 2008-12-2 17:42:37
It's unlikely we'll see another vine pull funded by the Federal Government to deal with an oversupply of wine grapes.
Winemakers Federation of Australia chief executive Stephen Strachan says he sees no reason for the government to hand out more money to vineyards.
He says growers wanting to leave the industry would be better off taking up the Federal Government's offer to buy water.
"I don't see where there's any market failure, I don't see where government has a role," he says.
"I think the industry has to face up to the fact that it needs to make that adjustment and needs to make it as quickly as it can."
From ABC