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Consumer preferences for aquaponic produce: Implications from an experimental auction
Author(s) -
Short Gianna,
Yue Chengyan,
Abbey Marie,
Anderson Neil,
Phelps Nicholas,
Venturelli Paul,
Vickers Zata
Publication year - 2018
Publication title -
agribusiness
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.57
H-Index - 43
eISSN - 1520-6297
pISSN - 0742-4477
DOI - 10.1002/agr.21562
Subject(s) - aquaponics , agricultural science , aquaculture , willingness to pay , fish <actinopterygii> , agricultural economics , agriculture , business , hydroponics , economics , fishery , environmental science , biology , agronomy , ecology , microeconomics
Aquaponics is the integration of aquaculture and hydroponics to grow fish and plants together in one system. Many producers in the northern United States are attracted to aquaponics for its potential to produce indoors year‐round. However, little is known about consumer preferences for products grown in aquaponic systems. To address this knowledge gap, we conducted an experimental auction to measure the impact of information about production method on consumers’ willingness‐to‐pay (WTP) for lettuce. For most participants, WTP was similar for both aquaponic and soil grown lettuce with overall average bids of $1.47 per 8 ounces and $1.48 per 8 ounces, respectively. Learning how samples were grown (either aquaponic or soil‐grown) rarely changed bids significantly, although on average, participants with environmental group membership lowered their bids for aquaponic lettuce samples. In general, higher frequency shoppers expressed higher average WTP for all types of lettuce. [Q100 Agriculture: General, Q220 Renewable Resources and Conservation: Fishery; Aquaculture]