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Segmenting The Commercial Producer Marketplace For Agricultural Inputs

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Author Info
Gloy, Brent A.
Akridge, Jay T.

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Abstract

A cluster analysis procedure was used to develop a market segmentation of U.S. crop and livestock farms with annual sales in excess of $100,000. The segments were developed based on the importance of six factors that producers evaluate when selecting input suppliers. The results indicate that four distinct segments exist: Convenience buyers, Balance buyers, Price buyers, and Performance buyers. Differences in preferences across these segments have important implications for the marketing strategies of agricultural input suppliers.

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File URL: http://purl.umn.edu/34209
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Publisher Info
Article provided by International Food and Agribusiness Management Association (IAMA) in its journal International Food and Agribusiness Management Review.

Volume (Year): 02 (1999)
Issue (Month): 02 ()
Pages:
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Handle: RePEc:ags:ifaamr:34209

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Related research
Keywords: Agribusiness;

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Glenn Milligan & Martha Cooper, 1985. "An examination of procedures for determining the number of clusters in a data set," Psychometrika, Springer, vol. 50(2), pages 159-179, June. [Downloadable!] (restricted)
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  1. Gloy, Brent A. & Akridge, Jay T. & Whipker, Linda D., 2000. "Sources Of Information For Commercial Farms: Usefulness Of Media And Personal Sources," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association (IAMA), vol. 3(02). [Downloadable!]
  2. Gloy, Brent A. & Akridge, Jay T., 2000. "Computer And Internet Adoption On Large U.S. Farms," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association (IAMA), vol. 3(03). [Downloadable!]
  3. Jay Akridge & Mike Boehlje & Allan Gray & Aaron Reimer, 2007. "Market Segmentation Practices Of Retail Crop Input Firms," Working Papers 07-03, Purdue University, College of Agriculture, Department of Agricultural Economics. [Downloadable!]
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This page was last updated on 2009-12-11.


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