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Vendor Variety and Market Sales: A Case Study of the Williamsburg Farmers Market

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  • Archambault, Steven
  • Trivette, Shawn
  • Warsaw, Phillip
  • Morales, Alfonso

Abstract

Although sales at farmers markets have been on the rise for a few decades, a regular challenge faced by market managers is how to ensure that their vendors are best positioned to maximize what they can capture in market sales. Farmers markets have varying degrees of data collection and data analysis. This study aims to demonstrate the value of under­standing data, so that market managers can take informed, effective steps to increase sales for their vendors. This is accomplished using 13 years of weekly sales data from the Williamsburg Farmers Market (WFM). The dataset categorized sales by produce, specialty crops, animal products, value-added products, non-edible crafts, and plant sales. This allowed us to explore the relationship between vendor variety and sales. In this paper we ask: To what extent does vendor and product variety affect sales at farmers markets? We use dynamic panel econometric models, including a vendor variety index and other salient market factors, to explore how market characteristics may affect overall mar­ket sales. We find that greater vendor variety in terms of the products they offer increases sales both on the aggregate and across vendor types. Based on these findings we argue that one signifi­cant thing that market managers can do to boost sales for their vendors is to increase the variety of offerings through the recruitment of vendors who can bring differing product types to the market. See the press release for this article.

Suggested Citation

  • Archambault, Steven & Trivette, Shawn & Warsaw, Phillip & Morales, Alfonso, 2020. "Vendor Variety and Market Sales: A Case Study of the Williamsburg Farmers Market," Journal of Agriculture, Food Systems, and Community Development, Center for Transformative Action, Cornell University, vol. 9(2).
    • Handle: RePEc:ags:joafsc:360140
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    1. Dawn Thilmany & Craig A. Bond & Jennifer K. Bond, 2008. "Going Local: Exploring Consumer Behavior and Motivations for Direct Food Purchases," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 90(5), pages 1303-1309.
    2. David Conner & Kathryn Colasanti & R. Brent Ross & Susan B. Smalley, 2010. "Locally Grown Foods and Farmers Markets: Consumer Attitudes and Behaviors," Sustainability, MDPI, vol. 2(3), pages 1-15, March.
    3. Alfonso Morales & Steven Balkin & Joseph Persky, 1995. "The Value of Benefits of a Public Street Market: The Case of Maxwell Street," Economic Development Quarterly, , vol. 9(4), pages 304-320, November.
    4. Low, Sarah A. & Adalja, Aaron & Beaulieu, Elizabeth & Key, Nigel & Martinez, Stephen & Melton, Alex & Perez, Agnes & Ralston, Katherine & Stewart, Hayden & Suttles, Shellye & Vogel, Stephen & Jablonsk, 2015. "Trends in U.S. Local and Regional Food Systems: Report to Congress," Administrative Publications 292107, United States Department of Agriculture, Economic Research Service.
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    1. Rahe, Mallory L. & Tsay, Juo-Han & Low, Sarah A., 2023. "Vendor persistence and sales growth 2019-2021: Evidence from five rural Oregon farmers markets," 2023 Annual Meeting, July 23-25, Washington D.C. 336002, Agricultural and Applied Economics Association.

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