A democratic alternative to true cost pricing

Patel, Raj

doi:10.1038/s43016-021-00347-0

Cited by 6 publications

(1 citation statement)

References 9 publications

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“…Indeed, it contains a vast range of methods, tools and calculators that are difficult to summarise or replicate in different contexts (Minotti et al, 2022). In addition, this kind of internalisation of food systems' externalities carries economic and political risks (Patel, 2021). Its complexity lies mainly in the inclusion of indicators other than the exclusively economic ones that touch all those parts of the food system that are difficult to quantify.…”

Section: True Cost Accounting and True Price Approachesmentioning

confidence: 99%

Valuing for sustainability: hidden costs and benefits in multidimensional agriculture

Marangon,

Bertossi,

Troiano

2023

rea

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The concept of agriculture has changed over the years. Whereas it was once considered simply a “means” for the production of goods (food and non-food), today, its multifunctionality, understood as the ability to also provide environmental and social services, takes on greater importance. The concept of multifunctionality is intended to change the conception of the agricultural sector and make it more suitable for the historical period of transition we are currently experiencing, for which it is essential to abandon old paradigms in order to create new ones. An unresolved challenge is providing value for each of the multifunctional services. This article provides a brief review of studies dedicated to identifying the main market and extra-market effects of multidimensional agriculture and describes some approaches used to adopt (monetary) quantification of related and secondary activities to facilitate the adoption of more sustainable practices. Special attention is given to payments for ecosystem services, true cost accounting, and true price tools to analyse the positive and negative externalities of multifunctional agricultural systems.

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Section: True Cost Accounting and True Price Approachesmentioning

confidence: 99%

Valuing for sustainability: hidden costs and benefits in multidimensional agriculture

Marangon,

Bertossi,

Troiano

2023

rea

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Introducing the Food Value Framework (FVF) to empower transdisciplinary research and unite stakeholders in their efforts of building a sustainable global food system

Brumm,

Fukushi

2023

Environ Dev Sustain

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The global food system provides numerous benefits to humanity but also faces critical sustainability challenges with respective costs often burdened by society. As these costs are not sufficiently represented in market prices, increasing monetization efforts of externalities aim to reveal such hidden costs. However, monetary evaluation approaches have limitations such as conformity or including arguably unmonetizable impacts. Given that food production and consumption have been deeply embedded in human culture and behavior throughout millennia, systemic change is generally slow and precarious to enforce externally, especially given its existential role for daily survival. Rather than imposing relatively recent sustainability challenges, such as climate change, onto food systems, we hence suggest incorporating them into a core natural driver of human behavior: values. The objective of this research is to create a framework that can holistically address values associated with food in order to guide and unite stakeholders along the food value chain. Based on this human-centered bottom-up approach, empirical relevance of a respective framework to successfully translate into and guide sustainability efforts should be increased. We therefore combined established approaches of monetary accounting with a psychosocial perspective on basic human values and ethics to derive the Food Value Framework (FVF). We conclude that the FVF could address shortcomings of current evaluation methods and serve as a common foundation to empower transdisciplinary research, value-based policy-making, transparent production, and responsible consumption across the food value chain.

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Sustainable Agriculture and Cultivation Practices

Khanal

2023

Sustainable Food Science - A Comprehensive Approach

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A democratic alternative to true cost pricing

Cited by 6 publications

References 9 publications

Valuing for sustainability: hidden costs and benefits in multidimensional agriculture

Valuing for sustainability: hidden costs and benefits in multidimensional agriculture

Introducing the Food Value Framework (FVF) to empower transdisciplinary research and unite stakeholders in their efforts of building a sustainable global food system

Sustainable Agriculture and Cultivation Practices

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