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Real Food Challenge Learning Module

Maria Frank, Author

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Food system > Economic feasibility

Economic feasibility may be considered in terms of...
  • food prices and their connection to federal price support
    • e.g. reimbursement to schools, agricultural subsidies
  • the time and money needed to operate in a certain way (transaction costs); or more generally, the ability to effectively market a product or sustain a way of doing business
    • e.g. the time and money required for grocery stores to work with multiple farmers to source local foodsmaking sustainable/organic agriculture profitablemarketing local food
  • consideration of potential demand, ability of producers to meet that demand, prices paid by purchasers, & prices producers require to supply those products
    • e.g. "viability of the [Farm-to-School] project and the level of interest among potential participants in the program"
  • consideration of costs in relation to the level of spending determined to be worth the output achieved
    • e.g. How much will a school greenhouse cost and what level of spending is worth the output? (i.e. how will students' learning be enhanced?)
...as well as other contexts not included in this collection

Related terms: food prices
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