Predicting wine prices based on the weather: Bordeaux vineyards in a changing climate

Abstract

Each grapevine cultivar needs a certain amount of cumulated heat over its growing season for its grapes to ripen properly. In the 20th century’s Bordeaux vineyard, the average growing season temperature was not always sufficient, thus higher than usual summer temperatures were on average linked with higher grape and wine quality. However, over the last 60+ years, global warming gradually increased the vineyard’s temperatures up to the point where additional growing season heat is not required anymore, and can even become detrimental to wine quality: hence the positive effect of higher-than-usual summer temperatures has progressively vanished. In this context, it is unknown whether any weather variable is still a good predictor of a vintage’s quality. Here we provide a predictive model of wine prices, based only on weather data. We establish that it predicts a vintage’s long-term quality more accurately than a world-class expert rating this same vintage in the year following its production. We first design a corpus of features suited to the grapevine lifecycle to extract from them the most powerful drivers of wine quality. We then build a predictive model that leverages Local Least Squares kernel regression (LLS) to factor in the time-varying nature of climate impact on the grapevine. Hence, it is able to outperform previous models and even provides a better predictive ranking of successive vintages than the grades given by world-famous wine critic Robert Parker. This predictive power demonstrates that weather is still a very efficient predictor of wine quality in Bordeaux. The two main features on which this model is built—following grapevine’s phenological calendar and using an LLS architecture to let the input-output relationship vary over time—could help model other agricultural systems amidst climate change and adaptation of production processes.

The impact of climate change on the sustainability of wine production and the structure of its consumption in Czechia

“…Muscio et al [ 11 ] state that the “wine industry is a particularly relevant sector both in terms of its economic performance and its use of natural resources .” The growth and production of grapevines grown in vineyards is significantly affected by a number of environmental factors [ 12 ]. “Each grapevine cultivar needs a certain amount of cumulated heat over its growing season for its grapes to ripen properly” [ 13 ]. Particular cultivars are valuable to farmers in particular applications for their agronomic traits and fruit-quality traits, which together determine the value of the crop and the cost of producing it [ 14 ].…”