Assessing the Economic Impacts of Food Hubs on Regional Economies: A Framework that Includes Opportunity Cost

Becca Jablonski (), Todd Schmit and D. Kay

Agricultural and Resource Economics Review, 2016, vol. 45, issue 1, 143-172

Abstract: The number of food hubs—businesses that aggregate and distribute local food—in the United States is growing, fueled in part by increasing public support. However, there have been few data-driven assessments of the economic impacts of these ventures. Using an input-output-based methodology and a unique data set from a successful food hub, we measure net and gross impacts of a policy supporting their development. We estimate a gross output multiplier of 1.75 and an employment multiplier of 2.14. Using customer surveys, we estimate that every $1 increase in final demand for food hub products generates a $0.11 reduction in purchases in other sectors.

Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:cup:agrerw:v:45:y:2016:i:01:p:143-172_00

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