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Consumer Preferences for Locally Made Specialty Food Products Across Northern New England

Published online by Cambridge University Press:  15 September 2016

Kelly L. Giraud ,
Craig A. Bond  and
Jennifer J. Bond
Kelly L. Giraud
Affiliation:
Department of Resource Economics and Development at the University of New Hampshire
Craig A. Bond
Affiliation:
Department of Agricultural and Resource Economics at Colorado State University
Jennifer J. Bond
Affiliation:
Department of Agricultural and Resource Economics at Colorado State University
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Abstract

Does willingness to pay a premium for local specialty food products differ between consumers in Maine, New Hampshire, and Vermont? Two food categories are investigated: low-end ($5) and high-end ($20) products. Premia estimates are compared across states and across base prices within states using dichotomous choice contingent valuation methods. Results suggest that the three states of northern New England have many similarities, including comparable price premia for the lower-priced good. However, there is some evidence that the premium for the higher-priced good is greater for the pooled Vermont and Maine treatment than for the New Hampshire treatment. Vermont and New Hampshire residents are willing to pay a higher premium for a $20 than for a $5 food item, while the evidence suggests that Maine residents are not.

Keywords

local specialty foodswillingness to paycontingent valuation
Type
Contributed Papers
Information
Agricultural and Resource Economics Review , Volume 34 , Issue 2 , October 2005 , pp. 204 - 216
Copyright
Copyright © 2005 Northeastern Agricultural and Resource Economics Association 

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