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Estimating the Economic Contributions of the Moscow Farmers Market

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  • DePhelps, Colette
  • Peterson, Steven

Abstract

During the summer of 2018, a team of community members, led by University of Idaho Extension, performed a Rapid Market Assessment (RMA) of the Moscow Farmers Market, located in Moscow, Idaho. The RMA data was used by University of Idaho faculty to conduct an economic assessment of the Moscow Farmers Market using IMPact Analysis for PLANing (IMPLAN). The purpose of the study was to understand the economic footprint of the market, including estimating the market’s economic contribution to the City of Moscow’s investment in market operations and management and the economic contributions to the local economy in Latah County, Idaho. It is clear from this analysis that the Moscow Farmers Market is a significant asset to the City of Moscow and has significant positive direct and indirect contributions to the local economy. With the rise of COVID-19, it is important that the success of the Moscow Farmers Market be monitored, and that support be provided to market vendors and downtown shops to ensure their rebound post-pandemic.

Suggested Citation

  • DePhelps, Colette & Peterson, Steven, 2020. "Estimating the Economic Contributions of the Moscow Farmers Market," Western Economics Forum, Western Agricultural Economics Association, vol. 18(2), December.
    • Handle: RePEc:ags:weecfo:308127
    DOI: 10.22004/ag.econ.308127
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    File URL: https://ageconsearch.umn.edu/record/308127/files/EstimatingtheEconomic.pdf
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    References listed on IDEAS

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    1. Watson, Philip & Wilson, Joshua & Thilmany, Dawn D. & Winter, Susan, 2007. "Determining Economic Contributions and Impacts: What is the difference and why do we care?," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 37(2), pages 1-7.
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    Cited by:

    1. Felix Haifeng Liao & Robert Heinse & Darin Saul & Soren Newman & Li Huang & Colette DePhelps & Steven Peterson, 2023. "Assessment of the Environmental Impacts of a Localized Food System and Food Waste Reduction in a Water-Scarce Region Using Diet Optimization Models," IJERPH, MDPI, vol. 20(10), pages 1-18, May.

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