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Global Warming ’ s Impact on the Wine Industry in the European Union

Global Warming ’ s Impact on the Wine Industry in the European Union. Lara Antoy (New York University) Orley Ashenfelter (Princeton University) Karl Storchmann (New York University). Viticultural Areas in Germany. Real per Hectare Cost, Profits, and Subsidies of German Wineries and Weather d.

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Global Warming ’ s Impact on the Wine Industry in the European Union

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  1. Global Warming’s Impact on the Wine Industry in the European Union Lara Antoy (New York University) Orley Ashenfelter (Princeton University) Karl Storchmann (New York University)

  2. Viticultural Areas in Germany

  3. Real per Hectare Cost, Profits, and Subsidies of German Wineries and Weatherd

  4. Basic Overview • FADN, the Farm Accountancy Data Network of the European Union was started in 1965. • The data comes from a sample of 80,000 farms which are representative of about half a million farms compromising 90% of the total utilized agricultural area in the European Union. • FADN looks at all types of agriculture and livestock, but the data we focus on pertains solely to growth of grapes.

  5. Selection Process • FADN only looks at farms which are deemed commercial, which means the farms produces more than a preset amount of output. • The selection of representative sample farms is unique to every member state, but each state is required to submit a plan as to how the selection occurs which needs to be approved by FADN.

  6. Sample Size • The sample size depends upon the number of farms growing grapes in the region. • Privacy Protection. • Small sample sizes created problems when doing regressions in Stata.

  7. Sample Size for Italian Wine Regions

  8. Limitations and Checks on Data • The sample farms are selected as randomly as possible. • To avoid errors in the data FADN implements quality control tests which check for coherence and homogeneity in the data.

  9. Variables Taken into Account in the Regression • All variables are per hectare which means the value is divided by the total number of vines, including young plantations. • The Accounting Year. • Farm Net Value Added per Hectare. • Subsidies and Taxes per Hectare. • Total Output Crops and Crop Production per Hectare. • Total Inputs per Hectare.

  10. Descriptive Statistics

  11. Output 2009in EUR/ha

  12. Cost in 2009EUR/ha

  13. Value Added in 2009in EUR/ha

  14. Direct Subsidies in 2009in EUR/ha

  15. Taxes Paid in 2009in EUR/ha

  16. Avg Taxes Paid as Percentage of Value Added in 2009

  17. Net Taxes Paid in 2009(taxes – subsidies) in EUR/ha

  18. Net Value Added in EUR per hectare

  19. Revenue, Cost, Subsidies, Value Added and Weathernominal EUR per hectare Revenue, Cost, Subsidies, Value Added and Weatherin nominal EUR per hectare

  20. Average Growing Season Temperatures in Selected Wine Regions, 1987-2009

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