Benefit Information’s Impact on Ornamental Plant Value
Abstract
:1. Introduction
2. Materials and Methods
3. Results
4. Discussion
5. Conclusions
Author Contributions
Funding
Data Availability Statement
Conflicts of Interest
References
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Category | Question | Answer Options |
---|---|---|
Purchasing Behavior | How much did you spend on gardening supplies and plants in 2021 (excluding mechanical equipment)? | USD 0–USD 550 |
How much did you spend on gardening supplies and plants in 2020 (excluding mechanical equipment)? | USD 0–USD 550 | |
WTP for Plant with Benefit Information | If you saw a plant with the following benefit, what would be the maximum amount you would be willing to pay for that plant? | USD 0–USD 103 |
Demographics | What is your year of birth? | Fill in the blank |
What is your gender? | Female, male, neither, prefer not to answer | |
What is the highest level of school you have completed or the highest degree you have received? | Less than high school degree–Professional degree (JD, MD) | |
Please indicate the answer that includes your entire household income in 2021 before taxes. | USD 5000–USD 175,000 |
Variable | Description | Sample (n = 435) Mean or Median | SD | 2021 U.S. Population 1 (331.9 Million) |
---|---|---|---|---|
Age | Age of participant in years (2021). | 60 (median) | 15.6 | 38 years |
Male | Gender of participant; 1 = male, 0 = otherwise | 0.483 | 0.500 | 49.2% |
Educ_assoc+ | Education attained at time of study; 1 = associate’s degree or higher, 0 = less than an associate’s degree | 0.529 | 0.500 | 88.5% (high school degree or higher) 32.9% (bachelor’s degree or higher) |
Income | Household income in 2021 ($1000). | $55.000 (median) | $47.936 | $64.994 |
Plant spending 2021 | Amount spent on plants in 2021 (USD). | $116.50 | $128.45 | --- |
Plant spending 2020 | Amount spent on plants in 2020 (USD). | $108.62 | $126.67 | --- |
Category | Benefit Statement | N | WTP Mean | SD |
---|---|---|---|---|
Cognitive | Being in the vicinity with plants can improve your concentration and memory. | 55 | 19.15 | 20.59 |
Social | Plants help create a comfortable environment where people can meet and socialize. | 50 | 17.69 | 17.81 |
Physical | Outdoor walks where plants grow lowers blood pressure in adults and contributes to improved physical health. | 58 | 17.03 | 19.38 |
Emotional | Being near plants can provide a sense of relaxation and reduced stress. | 62 | 16.85 | 17.91 |
Environmental | Plants provide numerous environmental benefits including cleaner indoor air and outdoor pollinator habitats. | 55 | 15.06 | 17.81 |
Aesthetic | Many plants create an artistic dimension to the home and garden, pleasing to the eye. | 63 | 14.90 | 18.56 |
Educational | Engaging in plant activities can help people learn about scientific concepts including plant growth and growing your own food. | 64 | 12.11 | 13.48 |
Economic | Every USD 1 invested in the home landscape returns USD 1.09 to USD 1.15 to the homeowner. | 41 | 10.60 | 7.71 |
Benefits 1 | Cognitive | Social | Physical | Emotional | Environmental | Aesthetic | Educational | Economic |
---|---|---|---|---|---|---|---|---|
Cognitive | 0.000 | |||||||
Social | 0.387 | 0.000 | ||||||
Physical | 0.564 | 0.245 | 0.000 | |||||
Emotional | 0.646 | 0.333 | 0.053 | 0.000 | ||||
Environmental | 1.114 | 0.756 | 0.562 | 0.541 | 0.000 | |||
Aesthetic | 1.179 | 0.808 | 0.617 | 0.598 | 0.048 | 0.000 | ||
Educational | 2.235 | 1.904 | 1.640 | 1.682 | 1.027 | 0.970 | 0.000 | |
Economic | 2.527 | 2.372 | 2.012 | 2.106 | 1.501 | 1.405 | 0.652 | 0.000 |
Benefits 1 | Physical | Emotional | Cognitive | Aesthetic | Economic | Social | Environmental | Educational |
---|---|---|---|---|---|---|---|---|
Physical | 1.000 | |||||||
Emotional | −0.154 | 1.000 | ||||||
Cognitive | −0.145 | −0.151 | 1.000 | |||||
Aesthetic | −0.157 | −0.163 | −0.154 | 1.000 | ||||
Economic | −0.122 | −0.127 | −0.120 | −0.130 | 1.000 | |||
Social | −0.135 | −0.141 | −0.133 | −0.144 | −0.112 | 1.000 | ||
Environmental | −0.142 | −0.147 | −0.139 | −0.150 | −0.117 | −0.130 | 1.000 | |
Educational | −0.158 | −0.165 | −0.155 | −0.168 | −0.131 | −0.145 | −0.152 | 1.000 |
Benefit 1 | WTP est. (USD) | SE | |
---|---|---|---|
Cognitive | 6.468 | 2.763 | ** |
Emotional | 6.127 | 2.709 | ** |
Physical | 6.111 | 2.749 | ** |
Social | 6.753 | 2.822 | ** |
Aesthetic | 3.012 | 2.690 | |
Environmental | 3.328 | 2.810 | |
Educational | 2.675 | 2.698 | |
Economic | Base | ||
Plant Spending | |||
2021 | 0.014 | 0.009 | |
2020 | 0.034 | 0.010 | *** |
Demographics | |||
Age | −0.283 | 0.042 | *** |
Male | 2.199 | 1.328 | * |
Educ_assoc+ | −1.039 | 1.508 | |
Income | 0.000 | 0.000 | ** |
Constant | 17.703 | 3.802 | *** |
var (e.wtpest) | 166.842 | 12.621 | |
Log Likelihood | −1549.8085 | ||
Obs. | 435 | ||
LR Chi2 | 181.25 | ||
Prob > chi2 | 0.000 | ||
Pseudo R2 | 0.0552 |
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Share and Cite
Rihn, A.L.; Knuth, M.J.; Behe, B.K.; Hall, C.R. Benefit Information’s Impact on Ornamental Plant Value. Horticulturae 2023, 9, 740. https://doi.org/10.3390/horticulturae9070740
Rihn AL, Knuth MJ, Behe BK, Hall CR. Benefit Information’s Impact on Ornamental Plant Value. Horticulturae. 2023; 9(7):740. https://doi.org/10.3390/horticulturae9070740
Chicago/Turabian StyleRihn, Alicia L., Melinda J. Knuth, Bridget K. Behe, and Charles R. Hall. 2023. "Benefit Information’s Impact on Ornamental Plant Value" Horticulturae 9, no. 7: 740. https://doi.org/10.3390/horticulturae9070740
APA StyleRihn, A. L., Knuth, M. J., Behe, B. K., & Hall, C. R. (2023). Benefit Information’s Impact on Ornamental Plant Value. Horticulturae, 9(7), 740. https://doi.org/10.3390/horticulturae9070740