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Measuring stocks of community wealth and their association with food systems efforts in rural and urban places

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  • Schmit, Todd M.
  • Jablonski, Becca B.R.
  • Bonanno, Alessandro
  • Johnson, Thomas G.

Abstract

Sustainable community development relies on cumulative investments in a broad range of capital assets, yet little research sets forth comprehensive measures of their stocks or the relationships of capital assets to community outcomes. Building off conceptual frameworks for wealth creation, we develop a comprehensive set of indicators associated with stocks of community-based wealth at the county level. Including such indicators when evaluating community outcomes addresses a missing-variables problem of prior efforts and allows one to control for and quantify the importance of community capital assets in concert with traditional modeling efforts. To illustrate their use, we evaluate the association between the percentage of farms selling through direct-to-consumer channels and community capital stocks for both metro and nonmetro counties, capturing direct and indirect spillovers. Our results demonstrate clear differences in the association of capital stocks and the percentage of farms’ direct-to-consumer channel adoption across counties classified as metro and nonmetro (and their adjacency to metro counties), suggesting that the success of food system interventions, policies, and strategies for local economic development may hinge on the preexisting levels of community capitals and/or the need for planners to develop them further.

Suggested Citation

  • Schmit, Todd M. & Jablonski, Becca B.R. & Bonanno, Alessandro & Johnson, Thomas G., 2021. "Measuring stocks of community wealth and their association with food systems efforts in rural and urban places," Food Policy, Elsevier, vol. 102(C).
  • Handle: RePEc:eee:jfpoli:v:102:y:2021:i:c:s0306919221000981
    DOI: 10.1016/j.foodpol.2021.102119
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    Cited by:

    1. Catherine Brinkley & Marjory Anne Visser, 2022. "Socioeconomic and Environmental Indicators for Rural Communities: Bridging the Scholarly and Practice Gap," Economic Development Quarterly, , vol. 36(2), pages 75-91, May.
    2. Jablonski, Becca B.R. & Pender, John & Bauman, Allison & Rupasingha, Anil & Clark, Jill K., 2023. "Stocks of Wealth and the Value-Added Food and Agriculture Sector," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 48(3), September.
    3. Schmit, T.M. & Tamarkin, F.C & Seversorn, R.M, 2021. "Differential Economic Impact for Cooperative Business Structure: An Application to Farmer-Owned Cooperatives in New York State," Working Papers 316615, Cornell University, Department of Applied Economics and Management.
    4. Thiago de Carvalho Verano & Carlos de Melo e Silva Neto & Gabriel da Silva Medina, 2023. "Family Farmers in Short and Long Marketing Channels: Lessons for Rural Development in Goiás, Brazil," Logistics, MDPI, vol. 7(4), pages 1-21, October.
    5. Kashyap, Pratyoosh & Jablonski, Becca B.R. & Bauman, Allison, 2022. "Exploring the Relationship between Stocks of Community Wealth and the Intensity of Farm to School Program Activities," 2022 Annual Meeting, July 31-August 2, Anaheim, California 322167, Agricultural and Applied Economics Association.

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