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True Cost Accounting in the Food Industry

Mar 9, 2021 12:49:00 PM posted in Accounting

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Calculating the true costs of the food we consume is a bit more complicated than simply adding up all our grocery bills and dining receipts. “We pay for food in many ways, not just at the checkout,” writes the Sustainable Food Trust, the global voice for sustainable food and health.

A true cost accounting in the food industry has to take into account how the food is produced and how its consumption contributes to our healthy (or not so healthy) diet.

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