The Official Marketing of Farmraised Largemouth Bass · • Obtained farm-raised largemouth bass...

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TM TM The Marketing of Farm-raised Largemouth Bass Siddhartha Dasgupta, Richard Bryant, and Ashya Dozier Kentucky State University College of Agriculture, Food Science and Sustainable Systems Cooperative Extension Program

Transcript of The Official Marketing of Farmraised Largemouth Bass · • Obtained farm-raised largemouth bass...

Page 1: The Official Marketing of Farmraised Largemouth Bass · • Obtained farm-raised largemouth bass from a commercial farm in Kentucky • Two fish and a questionnaire were distributed

TMTM

The Marketing of Farm-raised

Largemouth BassSiddhartha Dasgupta, Richard Bryant, and Ashya Dozier

Kentucky State University

College of Agriculture, Food Science and Sustainable Systems

Cooperative Extension Program

Page 2: The Official Marketing of Farmraised Largemouth Bass · • Obtained farm-raised largemouth bass from a commercial farm in Kentucky • Two fish and a questionnaire were distributed

Purpose

� The purpose of the study is to examine chefs’

perceptions of largemouth bass

� Surveyed Kentucky restaurants

� The results were used to determine:

� Restaurant-demand

� Willingness to pay

� Preferred delivery schedules

Page 3: The Official Marketing of Farmraised Largemouth Bass · • Obtained farm-raised largemouth bass from a commercial farm in Kentucky • Two fish and a questionnaire were distributed

Method

• Obtained farm-raised largemouth bass from a

commercial farm in Kentucky

• Two fish and a questionnaire were distributed

to each restaurants

• Follow-up calls, online questionnaires, and

restaurant pick up were all used to collect

results

Page 4: The Official Marketing of Farmraised Largemouth Bass · • Obtained farm-raised largemouth bass from a commercial farm in Kentucky • Two fish and a questionnaire were distributed

Response

• 33 restaurants received the largemouth bass

samples and questionnaires

• 12 restaurants responded to the survey

• Mostly form Lexington and Louisville

Page 5: The Official Marketing of Farmraised Largemouth Bass · • Obtained farm-raised largemouth bass from a commercial farm in Kentucky • Two fish and a questionnaire were distributed

RESULTS

Page 6: The Official Marketing of Farmraised Largemouth Bass · • Obtained farm-raised largemouth bass from a commercial farm in Kentucky • Two fish and a questionnaire were distributed

Yes33%

No67%

Proportion of Restaurants Offering Freshwater Fish

Page 7: The Official Marketing of Farmraised Largemouth Bass · • Obtained farm-raised largemouth bass from a commercial farm in Kentucky • Two fish and a questionnaire were distributed

Yes100%

Proportion of Restaurants Offering Locally-grown Food

Page 8: The Official Marketing of Farmraised Largemouth Bass · • Obtained farm-raised largemouth bass from a commercial farm in Kentucky • Two fish and a questionnaire were distributed

Weekly58%

Seasonally17%

Whenever I can get it25%

Preferred Delivery Schedule for Fresh, Locally-raised Fish

Page 9: The Official Marketing of Farmraised Largemouth Bass · • Obtained farm-raised largemouth bass from a commercial farm in Kentucky • Two fish and a questionnaire were distributed

Whole fish18%

Gutted fish23%

Live fish6%

Fillets53%

Preferred Form of Largemouth Bass

Page 10: The Official Marketing of Farmraised Largemouth Bass · • Obtained farm-raised largemouth bass from a commercial farm in Kentucky • Two fish and a questionnaire were distributed

Yes17%

Not Sure83%

Willingness to Purchase Largemouth Bass

Page 11: The Official Marketing of Farmraised Largemouth Bass · • Obtained farm-raised largemouth bass from a commercial farm in Kentucky • Two fish and a questionnaire were distributed

Wealthy18%

Upper middle class29%

Middle class24%

Mixed29%

Socio-economic Status of Customers

Page 12: The Official Marketing of Farmraised Largemouth Bass · • Obtained farm-raised largemouth bass from a commercial farm in Kentucky • Two fish and a questionnaire were distributed

Importance of Food Attributes

• Attributes Measured

– Locally-grown

– Freshly-harvested

– Directly from the farmer

– Locally-grown, fresh fish

• Measurement Scale:

– 0 (not important)

– 10 (very important)

Page 13: The Official Marketing of Farmraised Largemouth Bass · • Obtained farm-raised largemouth bass from a commercial farm in Kentucky • Two fish and a questionnaire were distributed

Importance of Locally-Grown Food

8% 8%

17%

25%

8%

33%

0%

5%

10%

15%

20%

25%

30%

35%

0 1 2 3 4 5 6 7 8 9 10Scale

Page 14: The Official Marketing of Farmraised Largemouth Bass · • Obtained farm-raised largemouth bass from a commercial farm in Kentucky • Two fish and a questionnaire were distributed

Importance of Freshly-Harvested

Food

8%

33%

8%

50%

0%

10%

20%

30%

40%

50%

60%

0 1 2 3 4 5 6 7 8 9 10

Scale

Page 15: The Official Marketing of Farmraised Largemouth Bass · • Obtained farm-raised largemouth bass from a commercial farm in Kentucky • Two fish and a questionnaire were distributed

Importance of Food Directly from

the Farmer

8% 8% 8% 8%

17%

8%

42%

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

0 1 2 3 4 5 6 7 8 9 10

Scale

Page 16: The Official Marketing of Farmraised Largemouth Bass · • Obtained farm-raised largemouth bass from a commercial farm in Kentucky • Two fish and a questionnaire were distributed

Importance of Locally-Grown Fresh

Fish

17%

25% 25%

8% 8% 8% 8%

0%

5%

10%

15%

20%

25%

30%

0 1 2 3 4 5 6 7 8 9 10

Scale

Page 17: The Official Marketing of Farmraised Largemouth Bass · • Obtained farm-raised largemouth bass from a commercial farm in Kentucky • Two fish and a questionnaire were distributed

Preference for Largemouth Bass

• Attributes Measured

– Fish Texture

– Flavor

– Appearance

– Overall

• Measurement Scale:

– 0 (extreme dislike)

– 10 (extreme like)

Page 18: The Official Marketing of Farmraised Largemouth Bass · • Obtained farm-raised largemouth bass from a commercial farm in Kentucky • Two fish and a questionnaire were distributed

How did you like the texture?

18%

9% 9%

36%

27%

0%

5%

10%

15%

20%

25%

30%

35%

40%

0 1 2 3 4 5 6 7 8 9 10

Scale

Page 19: The Official Marketing of Farmraised Largemouth Bass · • Obtained farm-raised largemouth bass from a commercial farm in Kentucky • Two fish and a questionnaire were distributed

How did you like the flavor?

8% 8%

17%

8%

33%

8%

17%

0%

5%

10%

15%

20%

25%

30%

35%

0 1 2 3 4 5 6 7 8 9 10

Scale

Page 20: The Official Marketing of Farmraised Largemouth Bass · • Obtained farm-raised largemouth bass from a commercial farm in Kentucky • Two fish and a questionnaire were distributed

How did you like the appearance?

8%

17% 17%

8%

50%

0%

10%

20%

30%

40%

50%

60%

0 1 2 3 4 5 6 7 8 9 10

Scale

Page 21: The Official Marketing of Farmraised Largemouth Bass · • Obtained farm-raised largemouth bass from a commercial farm in Kentucky • Two fish and a questionnaire were distributed

Overall Opinion of the Fish

9%

18%

9%

18%

45%

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

50%

0 1 2 3 4 5 6 7 8 9 10

Scale

Page 22: The Official Marketing of Farmraised Largemouth Bass · • Obtained farm-raised largemouth bass from a commercial farm in Kentucky • Two fish and a questionnaire were distributed

Preferences for alternative fresh products on 0-10 scale, where 0

means "I hate this product." and 10 means "I love this product.".

12% 13% 12%

3% 3%4%

15%

3%

19%

12%

3%

0%

5%

10%

15%

20%

25%FILLETS small fish $12/lb

GUTTED large fish $12/lb

WHOLE small fish $6.25/lb

WHOLE small fish $12/lb

GUTTED small fish $18/lb

FILLETS small fish $18/lb

GUTTED small fish $6.25/lb

WHOLE large fish $18/lb

FILLETS large fish $6.25/lb

WHOLE large fish $6.25/lb

FILLETS large fish $18/lb

Page 23: The Official Marketing of Farmraised Largemouth Bass · • Obtained farm-raised largemouth bass from a commercial farm in Kentucky • Two fish and a questionnaire were distributed

Conclusions

• The most preferred product and price are fillets at $6.25/lb.

• The least preferred product was whole bass.

• 100% serve locally grown foods in their restaurant.

• 83% indicated that they were unsure whether they would buy the fish.

• 53% of restaurants prefer fillets but the sample was whole on ice (preferred by 17%).

• Price is very important.

Page 24: The Official Marketing of Farmraised Largemouth Bass · • Obtained farm-raised largemouth bass from a commercial farm in Kentucky • Two fish and a questionnaire were distributed

Thanks to:

USDA Evans-Allen Program

USDA-AMS: FSMIP Program

Alex Philipchik