Chapter^>22: Champagne, Caviar, Good Cuisine, and Ice Wine

2016 ◽  
pp. 442-453
Keyword(s):  
Ice Wine

Canadian Ice Wine Production: A Case for the Use of Weather Derivatives

2007 ◽  
Vol 2 (2) ◽  
pp. 145-167 ◽  
Author(s):  
Don Cyr ◽  
Martin Kusy
Keyword(s):  
Jel Classification ◽  
Seasonal Temperature ◽  
Weather Derivatives ◽  
Wine Production ◽  
Option Values ◽  
Temperature Variable ◽  
Ice Wine ◽  
The Impact ◽  
Potential Use ◽  
Underlying Variable

AbstractWeather derivatives are a relatively new form of financial security that can provide firms with the ability to hedge against the impact of weather related risks to their activities. Participants in the energy industry have employed standardized weather contracts trading on organized exchanges since 1999 and the interest in non-standardized contracts for specialized weather related risks is growing at an increasing rate. The purpose of this paper is to examine the potential use of weather derivatives to hedge against temperature related risks in Canadian ice wine production. Specifically we examine historical data for the Niagara region of the province of Ontario, Canada, the largest icewine producing region of the world, to determine an appropriate underlying variable for the design of an option contact that could be employed by icewine producers. Employing monte carlo simulation we derive a range of benchmark option values based upon varying assumptions regarding the stochastic process for an underlying temperature variable. The results show that such option contracts can provide valuable hedging opportunities for producers, given the historical seasonal temperature variations in the region. (JEL Classification: G13, G32, Q14, Q51, Q54)

Pricing Weather Insurance with a Random Strike Price: The Ontario Ice‐Wine Harvest

2006 ◽  
Vol 88 (3) ◽  
pp. 696-709 ◽  
Author(s):  
Calum G. Turvey ◽  
Alfons Weersink ◽  
Szu-Hsuan Celia Chiang
Keyword(s):  
Strike Price ◽  
Ice Wine ◽  
Weather Insurance

Novel insights into microbial community dynamics during the fermentation of Central European ice wine

2018 ◽  
Vol 266 ◽  
pp. 42-51 ◽  
Author(s):  
Mária Bučková ◽  
Andrea Puškárová ◽  
Katarína Ženišová ◽  
Lucia Kraková ◽  
Ľubica Piknová ◽  
...  
Keyword(s):  
Microbial Community ◽  
Community Dynamics ◽  
Central European ◽  
Microbial Community Dynamics ◽  
Ice Wine

scholarly journals Phenolic and Chromatic Properties of Beibinghong Red Ice Wine during and after Vinification

Molecules ◽  
2016 ◽  
Vol 21 (4) ◽  
pp. 431 ◽  
Author(s):  
Jin-Chen Li ◽  
Si-Yu Li ◽  
Fei He ◽  
Zheng-Yi Yuan ◽  
Tao Liu ◽  
...  
Keyword(s):  
Chromatic Properties ◽  
Ice Wine
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