IFPRI’s research on true cost accounting: Unlocking the true value of food for sustainable agrifood systems
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International Food Policy Research Institute
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Sustainable agrifood systems must ensure food security and nutrition while balancing economic, social, and environmental objectives. Yet food costs more than the consumer price, due to hidden costs to human health, the environment, and social and economic equality. Estimates suggest that these unaccounted‑for costs exceed US$11 trillion annually, representing nearly 10% of global GDP. Redesigning agrifood systems requires a clear understanding of external costs to inform policies that balance health, economic, social, and environmental goals.
True Cost Accounting (TCA) methods measure and economically value the environmental, health, and social impacts of agrifood systems. By making these externalities visible, TCA supports more informed decision-making for governments, businesses, farmers, financial institutions, donors, and consumers. Without levers like TCA to align agrifood systems with climate, health, and equity agendas, policymakers enact policies drawn from incomplete or overly generalized analyses.
Palabras clave
cost analysis, agrifood systems, true cost accounting