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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?) well as other contexts not included in this collection

Related terms: food prices
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