FOODCoST: de echte prijs van voedsel

Food production has consequences for the climate, soil, biodiversity, animal welfare and human health. Yet these costs are rarely reflected in the regular price of a product. The European FOODCoST project therefore developed methods to quantify these hidden costs and express them in monetary terms, enabling businesses and policymakers to incorporate them into their decisions. After all, a food system that works for people, nature and the economy requires transparency and insight.

The insights from FOODCoST show that accounting for hidden costs and impacts in food production requires a systemic approach. This depends, for example, on how companies across the food value chain collaborate, how costs and benefits are distributed, whether positive impacts - such as benefits for nature and the climate - are rewarded, and whether businesses receive the right support, including financing, practical tools and favourable market conditions.

Recommendations and tools for businesses

All knowledge, tools and reports developed through the project are available on the FOODCoST website. Below, we highlight several key resources for businesses looking to start working with true pricing.

Guide: Applying FOODCoST insights in the Dutch context

This guide translates the insights from the FOODCoST project into practical applications for the Netherlands. Drawing on examples from companies participating in Future Up’s Food & Agriculture programme, it shows how businesses can already take concrete steps. For example, by gaining a better understanding of the true costs and impacts of food production and incorporating these insights into decisions about products, processes and collaboration across the value chain.

Factsheet: Internalising externalities in food systems - practical recommendations for businesses

This factsheet from the FOODCoST project helps businesses better understand the hidden costs in their food value chains and take concrete action. Through practical recommendations, it shows how companies can work step by step to reduce negative impacts, increase positive impacts and strengthen collaboration across the value chain. The key message: do not wait until everything can be measured perfectly. Start with the biggest risks and opportunities in your value chain.

Report: Business and Value Chain Internalisation Tools

This publication from the FOODCoST project (Deliverable 3.3) outlines the tools businesses can use to better incorporate the true cost of food into their decisions. Covering measurement methods, True Cost Accounting, financial instruments, decision-making models and practical examples, it provides guidance on selecting suitable strategies and business models, measuring external costs and benefits, and integrating them into financial and strategic decision-making.

Contact

Do you have any questions about this project? Britt is happy to help.