Our current global economic system fails to incorporate the hidden social and environmental impacts of food production in food prices. This represents the single greatest barrier to a global transition to more sustainable food and farming systems.
True Cost Accounting (TCA) is the discipline of measuring the impact, in our case, of agricultural practices on the environment and public health. This has been a key focus of the Sustainable Food Trust’s work over our nine years of existence, the aim of which has been to improve the profitability of sustainable food production and the affordability of healthy and sustainably-produced food.
This work began in Kentucky in 2013, when we hosted the first gathering on this topic, and the term ‘true cost accounting’ emerged