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FAO: 12 trillion dollars in ‘hidden’ agrifood costs!


 In a study updating provisional figures that were published last year, the FAO has said that agrifood systems face “hidden costs” amounting to 12 trillion dollars!

The new numbers, released on 8 November, refine estimates that were presented in the 2023 edition of the agency’s annual report “The State of Food and Agriculture”.
 
Around 70 percent of hidden costs are related to unhealthy diets, the agency found, with the remainder accounted for by environmental costs and social costs related to undernutrition and poverty.
 
The report finds that countries with industrial agrifood systems tend to have the most resources available for repurposing to incentivize sustainable, inclusive, and healthy food production and consumption patterns – dedicating on average around 33 percent of agricultural value added to recurring agricultural support.
 
The analysis also finds that other categories of countries – such as those facing protracted crisis – allocate less than 3 percent of their agricultural value added to recurrent agricultural support, despite having the greatest need for funding…

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