Imagine if business leaders scrutinized the environmental deficit of valuable natural resources as vigorously as policymakers tackled federal budget deficits.
According to new research by Trucost, a research firm that helps companies and investors manage risk and create sustainable growth, agriculture is a huge contributor to this environmental deficit, resulting in global environmental costs of US$3.33 trillion per year. That’s more than the United Kingdom’s GDP and more than triple the American federal budget deficit. The study, Natural Capital Impacts in Agriculture: Supporting Better Business Decision Making, included 80 percent of the production of four major commodity crops, accounting for farming practices in more than 40 countries.
Read more about the research HERE.