Diversification into Specialty Crops Production as a Regional Economic Development Strategy for Northeast Arkansas: An Economic Impact Analysis

Abstract

This study evaluates potential economic impacts on the region that may result from diversifying into vegetable crops. Five vegetables: okra, Southern peas, snap beans, summer squash, and sweet potatoes are evaluated. The evaluations entail analyses of potential regional economic impacts, using IMPLAN 3.0. The results exhibit strong multiplier effects and economic contributions in the region to output, employment, value-added, and income generation. The results also show that vegetable production can be important source of indirect and induced economic activities in the region. These indicate that vegetable production can have positive impacts and linkages in the region’s economy and may not be ignored in developing economic strategies for the region