Consumers' Preferences and Willingness to Pay for Ground Bison
| dc.creator | Qasmi, Bashir A. | |
| dc.creator | Fausti, Scott W. | |
| dc.creator | Underwood, Keith R. | |
| dc.date | 2017-04-01T19:41:49Z | |
| dc.date.accessioned | 2026-07-09T09:57:02Z | |
| dc.description | A consumer sensory panel study in conjunction with consumers’ willingness to pay experiment for 93% ground bison, 93% ground beef, and 80% ground beef was conducted in Sioux Falls, SD. The average, bid for 93% ground bison was $0.38 per lb. higher than the average bid for 80% ground beef. On an average, bids for 93% ground bison were lower than the bids for 93% ground beef by $0.28 per lb. Providing nutrition information significantly increased panelists’ bids for both 93% ground bison and 93% ground beef. On an average, bids for 93% ground bison, and 93% ground beef, by the panelists with nutrition information were higher as compared to the panelists in the control group by $1.23 and $0.47 per lb., respectively. Highly significant factors impacting the premium for 93% ground bison are the availability of nutrition information, ability to identify bison, and presence of 7-18 years old children in the household. Our analysis demonstrates that informing the potential bison consumers of bison nutrition have potentially a large pay off. The analysis also shows that the 93% ground bison is competing with 93% ground beef, and the factors which impacting 93% ground bison and 93% ground beef are more or less similar. | |
| dc.identifier | doi:10.22004/ag.econ.225645 | |
| dc.identifier | https://ageconsearch.umn.edu/record/225645/files/Research%20Report%202015-2.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/225645 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/613955 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/225645 | |
| dc.title | Consumers' Preferences and Willingness to Pay for Ground Bison | |
| dc.type | Text |