Who spends the most money at farmers' markets?

Ladislav Pilař, Lucie Kvasničková Stanislavská, Pavel Moulis, Roman Kvasnička, Stanislav Rojík and Ivana Tichá
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Ladislav Pilař: Department of Management, Faculty of Economics and Management, Czech University of Life Sciences Prague, Prague, Czech Republic
Lucie Kvasničková Stanislavská: Department of Management, Faculty of Economics and Management, Czech University of Life Sciences Prague, Prague, Czech Republic
Pavel Moulis: Department of Management, Faculty of Economics and Management, Czech University of Life Sciences Prague, Prague, Czech Republic
Roman Kvasnička: Department of Systems Engineering, Faculty of Economics and Management, Czech University of Life Sciences Prague, Prague, Czech Republic
Stanislav Rojík: Department of Management, Faculty of Economics and Management, Czech University of Life Sciences Prague, Prague, Czech Republic
Ivana Tichá: Department of Management, Faculty of Economics and Management, Czech University of Life Sciences Prague, Prague, Czech Republic

Agricultural Economics, 2019, vol. 65, issue 11, 491-498

Abstract: Farmers' markets have been booming in recent years and are becoming an important alternative food network. They enable farmers to sell their products directly to customers and thus shorten the supply chain. Market organisers must meet the needs of both consumers and vendors by ensuring customer satisfaction while maintaining profitability for vendors. The present study identified four basic segments at farmers' markets, as follows: (1) product-oriented customers; (2) personal social responsibility-oriented customers; (3) entertainment and emotional-oriented customers; (4) alternative food-oriented customers. These segments were analysed using Structural Equation Modeling in relation to the amount of money spent on average at a farmers' market. The results indicate that most money was spent at farmers' market segments that are oriented at entertainment and emotional-oriented and product-oriented customers. This indicates that farmers' markets are no longer just a place to purchase fresh, high-quality food, but also a place that people visit for its atmosphere, for the food that can be eaten on-site, and to buy products not for direct consumption (e.g. flowers). It also proved the negative moderation effect of entertainment-oriented motivation on the amount of money spent with connection to product-orientation, which suggests that entertainment-orientated customers spend more than product-oriented customers.

Keywords: amount of money spent; entertainment-oriented customers; farmers' market; product-oriented customers; structural equation modelling (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:caa:jnlage:v:65:y:2019:i:11:id:69-2019-agricecon

DOI: 10.17221/69/2019-AGRICECON

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