Assessing the Economic Impacts of Food Hubs to Regional Economies: a framework including opportunity cost

Becca Jablonski (), Todd Schmit and D. Kay

No 250012, Working Papers from Cornell University, Department of Applied Economics and Management

Abstract: The number of food hubs (‘local food’ aggregation and distribution businesses) is growing, fueled in part by increasing public support. However, few data-driven economic impact assessments have evaluated these ventures. Using an input-output-based methodology and, a unique data set from a successful food hub operation, we measure the net and gross impacts from a policy supporting its development. We estimate a food hub gross output multiplier of 1.75, and employment multiplier of 2.14. However, utilizing customer surveys, we estimate that for every $1 increase in final demand for food hub products, a $0.11 offset in purchases occurs in other sectors.

Keywords: Agricultural and Food Policy; Food Consumption/Nutrition/Food Safety (search for similar items in EconPapers)
Pages: 34
Date: 2015-02
New Economics Papers: this item is included in nep-agr
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:cudawp:250012

DOI: 10.22004/ag.econ.250012

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