What is it about?
This study investigates income gaps among Hungarian wine farms. We analyze the impact of subsidies and market earnings from 2013 to 2019. Our findings highlight how changes in subsidy policies and market income contribute to income inequality, with successful farms gaining while less efficient ones exit the market.
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Why is it important?
The unique findings regarding the transformation of wine farm market income from losses to profits, alongside the changing role of CAP subsidies, are likely to attract attention from scholars, policymakers, and industry stakeholders. Understanding how these factors contribute to income inequality among wine farms could inform future policy decisions and agricultural practices. Additionally, the study's relevance to current agricultural trends and its potential implications for the sector's sustainability may further increase its readership among a diverse audience.
Perspectives
By focusing on the impact of different income sources and the evolving Common Agricultural Policy (CAP), the study provides valuable insights into the shifting landscape of agricultural economics.
Professor Imre Ferto
Centre for Economic and Regional Studies, Hungarian Academy of Sciences: Budapest
Read the Original
This page is a summary of: Subsidies and the income inequality in the Hungarian wine sector, Wine Economics and Policy, December 2023, Firenze University Press,
DOI: 10.36253/wep-14091.
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