‘Should Food Cost More?’

should food cost moreDespite the amount of food produced in the world, quite a number of the world’s population lives still starves while countless bales of food sit rotting in storage units. There are many reasons why that is the case: governmental subsidies, profit-minded multi-national corporations, genetically modified seeds, just to name a few. As much as the debate has gone on for probably the last century, no feasible solution has been reached.

A friend shared this article via Facebook and I thought that at least the writers make a valid argument and take an interesting approach.

At the moment, these costs and benefits are not factored into the economic system used to price our food. When a multi-national corporation, for example, produces food in ways that use excessive amounts of water, or have devastating environmental or health impacts, there is no obligation to take responsibility. On the other side of the coin, many farming systems have the ability to deliver multiple, cost-saving, benefits – building soil-fertility, locking atmospheric carbon back into the soil, or delivering health and social outcomes. Yet these systems of production reap no additional reward. In fact, these producers often pay higher costs in order to deliver the benefits that they believe in.

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