The economic impact of farmers’ markets and a state level locally grown campaign
David Hughes and
Olga Isengildina-Massa
Authors registered in the RePEc Author Service: Olga Isengildina Massa
Food Policy, 2015, vol. 54, issue C, 78-84
Abstract:
This study evaluates the direct and indirect economic impact of farmers market and the Certified South Carolina Grown Campaign as transmitted through farmers markets on the South Carolina Economy. We developed an IMPLAN-based SAM model of the South Carolina economy that takes into account the opportunity cost of money spent at farmers’ markets to estimate the net as opposed to gross impact of the campaign on the state economy. Our results indicate that the Certified South Carolina Grown Campaign (an example of a widely used “buy local foods” policies) does not make a major contribution to the state economy. Our findings suggest that policy makers need to augment buy local campaigns with other efforts, such as a value-added processing of regionally produced foods, if such policies are to serve as a means of generating economic growth.
Keywords: Local food policy; Social account matrix; Economic impact analysis; Opportunity cost; Promotion campaign evaluation; Regional economic growth (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (14)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jfpoli:v:54:y:2015:i:c:p:78-84
DOI: 10.1016/j.foodpol.2015.05.001
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