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

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.


Issue Date:
2015-02
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/250012
Total Pages:
34
JEL Codes:
Q18; R15
Series Statement:
WP
15-03




 Record created 2017-04-01, last modified 2017-08-29

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