True cost accounting applications for agrifood systems policymakers : Background paper for The State of Food and Agriculture 2023

Global agrifood systems incur substantial hidden costs.

This paper introduces true cost accounting (TCA) as an approach to measure and value these costs and benefits, facilitating improved decision-making.

It also analyses how TCA can support the transformation of agrifood systems, and provides an overview of the different stages and steps required to conduct a TCA study.