Price premium of organic salmon in Danish retail sale

Research output: Contribution to journal › Journal article › Research › peer-review

Standard

Price premium of organic salmon in Danish retail sale. / Ankamah Yeboah, Isaac; Nielsen, Max; Nielsen, Rasmus.

In: Ecological Economics, Vol. 122, 2016, p. 54-60.

Research output: Contribution to journal › Journal article › Research › peer-review

Harvard

Ankamah Yeboah, I, Nielsen, M & Nielsen, R 2016, 'Price premium of organic salmon in Danish retail sale', Ecological Economics, vol. 122, pp. 54-60. https://doi.org/10.1016/j.ecolecon.2015.11.028

APA

Ankamah Yeboah, I., Nielsen, M., & Nielsen, R. (2016). Price premium of organic salmon in Danish retail sale. Ecological Economics, 122, 54-60. https://doi.org/10.1016/j.ecolecon.2015.11.028

Vancouver

Ankamah Yeboah I, Nielsen M, Nielsen R. Price premium of organic salmon in Danish retail sale. Ecological Economics. 2016;122:54-60. https://doi.org/10.1016/j.ecolecon.2015.11.028

Author

Ankamah Yeboah, Isaac ; Nielsen, Max ; Nielsen, Rasmus. / Price premium of organic salmon in Danish retail sale. In: Ecological Economics. 2016 ; Vol. 122. pp. 54-60.

Bibtex

@article{369842caa01b4c168d5f73f8ee87b200,
title = "Price premium of organic salmon in Danish retail sale",
abstract = "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.",
keywords = "Fishery eco-label, Organic aquaculture, Price premium, Salmon",
author = "{Ankamah Yeboah}, Isaac and Max Nielsen and Rasmus Nielsen",
year = "2016",
doi = "10.1016/j.ecolecon.2015.11.028",
language = "English",
volume = "122",
pages = "54--60",
journal = "Ecological Economics",
issn = "0921-8009",
publisher = "Elsevier",

}

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