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Business, Spoken

From the Archives: The World’s Broken Food System Costs $12.7 Trillion a Year

Jun 9, 2024
Delving into the $12.7 trillion hidden costs in the broken global food system, with a focus on health and environmental impacts. Examining disparities, poverty's effect on farmers, and the necessity of sustainable practices and government intervention for improvement.
05:08

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Quick takeaways

  • Hidden costs of the global food system equal 10% of global GDP, largely from health issues.
  • Addressing food system costs requires government interventions, dietary changes, and responsible industry practices.

Deep dives

Hidden Costs of Food Systems

The podcast episode discusses the significant hidden costs of the world's food system, amounting to $12.7 trillion annually, equivalent to 10% of global GDP. The analysis by the United Nations highlights that the largest part of these costs is related to health issues stemming from diets leading to obesity and non-communicable diseases. Furthermore, environmental impacts account for over 20% of these costs. Disparities exist between low-income and high-income countries, with poverty being a substantial factor in the former. The episode emphasizes the interconnectedness of these costs, with examples like cacao farming in West Africa affecting both health in Europe and farmers' livelihoods.

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