Table 7.
Average elasticities with respect to farm size
acres | gfi | |
---|---|---|
Use and importance | ||
pct_sold | − 0.008 | − 0.131** |
(0.007) | (0.054) | |
vbsc_rank1 | − 0.027 | 0.025 |
(0.034) | (0.171) | |
vbsc_top3 | 0.027 | − 0.278** |
(0.018) | (0.120) | |
Benefit factors | ||
Organizational | 0.023*** | − 0.019 |
(0.008) | (0.030) | |
Promotional | 0.011** | − 0.020 |
(0.004) | (0.051) | |
Values-based | 0.057*** | − 0.025 |
(0.017) | (0.075) | |
Challenges | ||
Standards | 0.033 | − 0.054 |
(0.020) | (0.055) | |
VBSC limits volume | 0.024 | − 0.040 |
(0.026) | (0.061) | |
Logistics | 0.059 | − 0.129 |
(0.041) | (0.198) | |
Farm volume | − 0.044 | − 0.849*** |
(0.095) | (0.266) |
*, **, and *** signify statistical significance at the 0.1, 0.05, and 0.01 levels, respectively
The numbers in parentheses are standard errors adjusted for VBSC clusters