Profitability of wine grape growing in the EU member states

ISSN： 1469-9672

Source： Journal of Wine Research, Vol.24, Iss.1, 2013-03, pp. : 59-76

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Abstract

The aim of this work is to examine the profitability of European Union wine grape growing by comparing some economic indicators extrapolated from information in the Farm Accountancy Data Network, data banks already widely used to analyse the income of European agricultural holdings. The results show that in recent years the profitability of European wine grape growing has grown overall, but to overcome the current economic crisis and face the challenge of “New World wine producers, it is necessary to make an effort towards public intervention to increase the profitability of wine farms. In this context, the new reform of wine Common Market Organisation (2008) and new Common Agricultural Policy (2007-2013) aimed at improving the profitability of wine grape growing by reducing production costs, increasing added value of wine, promoting the participation of farmers in food quality schemes, etc.