Gardening in Monterey

How much will you pay?

What is a "community garden"?

According to the American Community Garden Association, a community garden is defined as : "Any piece of land gardened by a group of people."

Known as Allotment gardening worldwide, community gardens range from hefty farmland parcels to space on metropolitan rooftops.

What is a "community garden"?

The Benefits

• "Improves the quality of life for people in the garden

• Provides a catalyst for neighborhood and community development"

• Beautifies Neighborhoods• Recreation & Education• Healthy Food Production• and many more!

We asked 31 MIIS students how much they would be willing to pay per month to have a share in a community garden that would include:• 10' X 10' plot of land• Compost• Water• Tools

How much would you be willing to pay for a community garden?

Price Not Interested

$0 $5 $15 $25 $40

Quantity Demanded

4 27 25 18 9 3

Demand Schedule

Elasticity

• % Change in quantity demanded = 7.33% • % Change in price = 7%

Elasticity = 7.33/7 = 1.05 The demand for community gardens is elastic - the number of gardens demanded changes as a result of change in price of the plots (but not very elastic!)

In Conclusion...    

Based on our research, the demand for a community garden at the Monterey Institute is relatively significant (87% of interviewees agreed that they would pay to plant their own produce). The price elasticity of demand is elastic, though only slightly.

Credits

Catherine Carlton

Leah Severino

Elma Paulauskaite

Natalie Sherman

Steven Anderle

Abhilasha Sharma