We are excited to welcome the launch of True Cost Accounting for Food: Balancing the Scale today! With this new book, governments, farmers, corporations, investors, and others, can break away from the status quo and make better decisions about the future of food.
To fix our current food metrics, in policy and in practice, we must apply a holistic lens that evaluates the actual costs and benefits of different food systems, and the impacts and dependencies between natural systems, human systems, agriculture and food systems. Authors from around the world highlight the potential for our food system to be more human-centred than profit-centred and one that has a more respectful relationship to the planet.
True Cost Accounting (TCA) is an evolving holistic and systemic approach to measure and value the positive and negative environmental, social, health and economic costs and benefits to facilitate business, consumer, investor and/or policy decisions. Join us at the Organic World Congress (OWC 2021) where we will have a forum discussion in the leadership track titled: "True Cost Accounting and its use in organic agriculture: Reality check on the magic bullet".
"When you do TCA, you are able to assess the impact of a food system as a whole or a farm. One is able to get an adjusted cost of production by calculating the costs for fertilizers, tractors, seeds and also the ecological footprint or climatic impact of the chemical inputs used.", shares Tobias Bandel, the Founder of Soil & More Impacts, during an in-depth interview on the topic. Read the whole story here and our position paper on TCA.
In Chapter 7 "Incentives to Change: The Experience of the Organic Sector", authors from IFOAM - Organics International, FiBL and Biovision demonstrate that using TCA, organic agriculture generates added value for the public good and that it can reduce the costs caused by the unsustainable production practices of ‘conventional’ agriculture. In other words, an expansion of organic agriculture and agroecology makes sense for people and the planet.