Wednesday, March 4, 2015
FOOD WASTE IS SERIOUS ECONOMIC ISSUE
A new report shows that about 60 million metric tons of food are wasted a year in the U.S., with an estimated value of $162 billion. About half of it ends up in municipal landfills, at a cost of about $1.5 billion a year to local governments. The problem is not limited to the U.S.—1/3 of all the food produced in the world is never consumed, and the total cost of that food waste could be as high as $400 billion a year. The UN says food discarded by retailers and consumers in the most developed countries would be more than enough to feed all of the world’s 870 million hungry people.
Source: New York Times, 2/26/15, Food Waste Costs