MARKET SEGMENTATION: IDENTIFYING THE HIGH-GROWTH EXPORT MARKETS FOR U.S. AGRICULTURE

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dc.creatorReed, Michael R.
dc.creatorSalvacruz, Joseph C.
dc.date2017-04-01T16:59:47Z
dc.date.accessioned2026-07-09T03:55:30Z
dc.descriptionA cluster analysis based on a five-year growth rate of agricultural imports from the United States was conducted on 86 countries and revealed two significant market segments for U.S. agriculture: the high-growth markets and the low-growth markets. Multiple discriminant analysis was then used to test the significance of the countries' trade-related and macroeconomic variables to their market growth classification. The discriminant function was used to predict the high-growth markets for U.S. agriculture in 1994. High-growth markets for U.S. agriculture exhibit faster GDP and agricultural import growth rates, are relatively agriculturally self-sufficient, and are near the United States. On the other hand, low-growth markets exhibit slower GDP and agricultural import growth rates, and are geographically distant from the United States.
dc.identifierdoi:10.22004/ag.econ.26644
dc.identifierhttps://ageconsearch.umn.edu/record/26644/files/25010026.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/26644
dc.identifier.urihttp://hdl.handle.net/123456789/542058
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/26644
dc.titleMARKET SEGMENTATION: IDENTIFYING THE HIGH-GROWTH EXPORT MARKETS FOR U.S. AGRICULTURE
dc.typeText

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