Price premium of organic salmon in Danish retail sale
Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
Standard
Price premium of organic salmon in Danish retail sale. / Ankamah Yeboah, Isaac; Nielsen, Max; Nielsen, Rasmus.
I: Ecological Economics, Bind 122, 2016, s. 54-60.Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
Harvard
APA
Vancouver
Author
Bibtex
}
RIS
TY - JOUR
T1 - Price premium of organic salmon in Danish retail sale
AU - Ankamah Yeboah, Isaac
AU - Nielsen, Max
AU - Nielsen, Rasmus
PY - 2016
Y1 - 2016
N2 - The year 2016 will be pivotal for organic aquaculture producers in EU, because it represents the deadline for implementing the complete organic life cycle in aquaculture production. Depending on the sturdiness of farms already producing, such a shift in the industry may affect production costs of exclusively using organic fry for production. If the profitability of the primary organic aquaculture producers should be maintained, then farmers must be able to correspondingly receive higher prices, transmitted through the value chain from the retail market. This study identifies the price premium for organic salmon in Danish retail sale using consumer panel scanner data from households by applying a random effect hedonic price model that permits unobserved household heterogeneity. A price premium of 20% was identified for organic salmon. The magnitude of this premium is comparable to organic labeled agricultural products and higher than that of eco-labeled capture fishery products, such as the Marine Stewardship Council. This indicates that the organic label also used for agricultural products may be better known and trusted among consumers than the eco-labels on capture fishery products.
AB - The year 2016 will be pivotal for organic aquaculture producers in EU, because it represents the deadline for implementing the complete organic life cycle in aquaculture production. Depending on the sturdiness of farms already producing, such a shift in the industry may affect production costs of exclusively using organic fry for production. If the profitability of the primary organic aquaculture producers should be maintained, then farmers must be able to correspondingly receive higher prices, transmitted through the value chain from the retail market. This study identifies the price premium for organic salmon in Danish retail sale using consumer panel scanner data from households by applying a random effect hedonic price model that permits unobserved household heterogeneity. A price premium of 20% was identified for organic salmon. The magnitude of this premium is comparable to organic labeled agricultural products and higher than that of eco-labeled capture fishery products, such as the Marine Stewardship Council. This indicates that the organic label also used for agricultural products may be better known and trusted among consumers than the eco-labels on capture fishery products.
KW - Fishery eco-label
KW - Organic aquaculture
KW - Price premium
KW - Salmon
U2 - 10.1016/j.ecolecon.2015.11.028
DO - 10.1016/j.ecolecon.2015.11.028
M3 - Journal article
AN - SCOPUS:84949895037
VL - 122
SP - 54
EP - 60
JO - Ecological Economics
JF - Ecological Economics
SN - 0921-8009
ER -
ID: 154216846