A REPLICABLE MODEL FOR VALUING LOCAL FOOD SYSTEMS. (2nd September 2015)

• Record Type: Journal Article
• Authors: MILLER, STEVEN R.; MANN, JOHN; BARRY, JUDITH; KALCHIK, TOM; PIROG, RICH; HAMM, MICHAEL W.
• Is Part Of: Journal of agricultural and applied economics. Volume 47:Number 4(2015)
• Page Start: 441
• Page End: 461
• Publication Date: 2015-09-02
• Subjects: IMPLAN, -- local foods, -- regional economics, -- simulation model; R15, -- R11, -- C88; Agriculture -- economics; Agriculture -- Economic aspects -- Periodicals; Agriculture -- Economic aspects -- Southern States -- Periodicals; Agriculture -- Economic aspects -- United States -- Periodicals; Agriculture -- Aspect économique -- Périodiques; Agriculture -- Aspect économique -- États-Unis -- Périodiques; Agrarökonomik; Agrarmarkt; USA; Welt; Agriculture -- Economic aspects; United States; Periodicals; 338.10975
• DOI: 10.1017/aae.2015.19
• Languages: English
• ISSNs: 1074-0708

Abstract

Abstract: We use the underlying data of the IMPLAN Pro 3.0 regional economic simulation model to estimate the current economic contribution of Michigan's local food system and explore the chain of transactions giving rise to consumption of locally sourced goods from producer to processor to consumption. The proposed methodology includes both unprocessed and processed foods in the estimation of the local food system's economic value. The model also provides a replicable and consistent approach to estimating the value of local food systems within regional and state economies.