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Estimating The Value Of California Wine Grapes

Author

Listed:
  • Sambucci, Olena
  • Alston, Julian

Abstract

The California Grape Crush Report includes summaries of quantities produced and estimates of the average prices and value of wine grapes crushed in California, and serves as an authoritative source of information on production and returns per ton by variety of wine grapes. The data provided in the Crush Report are used to calculate the total value of winegrape production as reported in the annual Agricultural Statistics reports published by the United States Department of Agriculture and in major industry publications. We use the differences among crush districts in the shares of production crushed to growers’ accounts to show that the current mechanism of calculating average statewide returns per ton understates the true total value of the crush by 4–16 percent. We show that a more accurate estimate of the total value and average price can be obtained if the prices of the wine grapes that are sold are used to infer the prices of wine grapes that are not sold before computing the weighted averages.

Suggested Citation

  • Sambucci, Olena & Alston, Julian, 2017. "Estimating The Value Of California Wine Grapes," Working Papers 253848, American Association of Wine Economists.
    • Handle: RePEc:ags:aawewp:253848
    DOI: 10.22004/ag.econ.253848
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    References listed on IDEAS

    as
    1. Fuller, Kate B. & Alston, Julian M., 2012. "The Demand for California Wine Grapes," Journal of Wine Economics, Cambridge University Press, vol. 7(2), pages 192-212, November.
    2. Julian M. Alston & Kym Anderson & Olena Sambucci, 2019. "Drifting Towards Bordeaux? The Evolving Varietal Emphasis of U.S. Wine Regions," World Scientific Book Chapters, in: Kym Anderson (ed.), The International Economics of Wine, chapter 23, pages 559-598, World Scientific Publishing Co. Pte. Ltd..
    3. Volpe, Richard & Green, Richard & Heien, Dale & Howitt, Richard, 2010. "Estimating the Supply Elasticity of California Wine Grapes Using Regional Systems of Equations," Journal of Wine Economics, Cambridge University Press, vol. 5(2), pages 219-235, April.
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    More about this item

    Keywords

    Agribusiness; Production Economics;

    JEL classification:

    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness
    • Q19 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Other

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