The Value of Terroir: Hedonic Estimation of Vineyard Sale Prices

Robin M. Cross, Andrew J. Plantinga and Robert Stavins

No 101289, Sustainable Development Papers from Fondazione Eni Enrico Mattei (FEEM)

Abstract: We examine the value of terroir, which refers to the special characteristics of a place that impart unique qualities to the wine produced. We do this by conducting a hedonic analysis of vineyard sales in the Willamette Valley of Oregon to ascertain whether site attributes, such as slope, aspect, elevation, and soil types, or designated appellations are more important determinants of price. We find that prices are strongly determined by sub-AVA appellation designations, but not by specific site attributes. These results indicate that the concept of terroir matters economically, although the reality of terroir – as proxied for by locational attributes – is not significant.

Keywords: Agricultural; and; Food; Policy (search for similar items in EconPapers)
Pages: 20
Date: 2011-02
References: Add references at CitEc
Citations: View citations in EconPapers (21)

Downloads: (external link)
https://ageconsearch.umn.edu/record/101289/files/NDL2011-012.pdf (application/pdf)

Related works:
Journal Article: The Value of Terroir: Hedonic Estimation of Vineyard Sale Prices* (2011)
Working Paper: The Value of Terroir: Hedonic Estimation of Vineyard Sale Prices (2011)
Working Paper: The Value of Terroir: Hedonic Estimation of Vineyard Sale Prices (2011)
Working Paper: The Value of Terroir: Hedonic Estimation of Vineyard Sales Prices (2011)
Working Paper: The Value of Terroir: Hedonic Estimation of Vineyard Sale Prices (2011)
Working Paper: The Value of Terroir: Hedonic Estimation of Vineyard Sale Prices (2011)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:feemdp:101289

DOI: 10.22004/ag.econ.101289

Access Statistics for this paper

More papers in Sustainable Development Papers from Fondazione Eni Enrico Mattei (FEEM) Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().