This type scenario happend in the gloriously beautiful Yarra Valley region in the eastern Melbourne Australian Green Wedge areas once used for raising and breeding horses became too expensive for horses, cattle, sheep grazing so it seemed everyone decided grape growing would be a better value added activity. That probably started 20-25 years ago and as you can imagine Grape growing is not as easy as growing potatoes and corn and the setup costs were somewhat higher and there were quite a few vinyard farmers go broke along the way with banks foreclosing often enough along the way.
Some of the investors who came along later were better heeled [Collins Street] doctors, lawyers and superannuation syndicates who could afford the luxury of keeping this land green in grapes and treated pine poles in rows and looking good in their social circles. Other larger companies got into developing high end wines like Domaine Chandon Mo? & Chandon 1] or Mo?, is a French winery and co-owner of the luxury goods company Mo?-Hennessy Louis Vuitton. Mo? et Chandon is one of the ...
- Yarra Valley Netwww.yarra-valley.net.au
Domaine Chandon is situated in the picturesque Yarra Valley, 50 kms to the east of Melbourne, on the Maroondah Highway between Coldstream and ...+Show map of Maroondah Highway, Coldstream VIC 3770. and the De Bortoli - Yarra Valley Estate are examples of those who made it.
But over the last few years there has been a big glut of grapes being produced and sometimes the grapes dont get picked and offered free to others who might like to make their own vino. In 2009 we had a BLACK FRIDAY BUSH FIRES which resulted in smokey grapes rendering them of no value for winery crushing. So going back to people rushing in for the next big thing with product which takes years to evolve like grapes, trees its been proven humans don't learn from historical mistakes because we suffer from the herd mentality.
The Dutch Tulip Bubble of 1637, the share market bubbles of South Sea Bubble. ... South Sea Bubble - Learn about England's disastrous stock market crash in the early 1720. , the "Dot Com Bubble" really began in April 1997 and ended in June 2003, the recent GFC in 2008, but there have been lots of those and every generation seems to forget history each time.
Having said all of the above ...tree growing produces wood for fuel if all else fails with housing bubbles unless you can sell to people like Donald Trump with cash upfront...lol. We have all types of bubbles where people lose everything when values of share certificates and Greek Bonds become worthless, but land does not disapear and the grass just keeps growing...for the next guy to work the miracles of real growth...enough of my ramblings from Australia.