Food Waste: The Price is Too High - The Minute

Mar 3, 2015 10:00 AM ET
Multimedia with summary

The disconnect between global food production and hunger has never been larger. While 800 million people go hungry every day, according to the UN’s Food and Agriculture Organization, as much as one-third of all the food produced in the world goes to waste, That’s according to a new report by the Waste and Resources Action Program. The report also puts figures on the amount and cost of this inefficiency. It estimates that 60 metric tons of food is wasted annually in the U.S., valued at $162 billion. Over 32 million metric tons of that wasted food ends up in municipal landfills, at a cost of $1.5 billion a year to local governments. Globally, the cost of wasted food is set at $400 billion. And it could get pricier: by 2030, with a larger global middle class, consumer food waste could cost $600 billion a year.

Here’s the hopeful note: reducing food waste from 20 to 50 percent globally could save up to $300 billion a year by 2030. Even simple steps could make a difference. When ConAgra changed the way it inserted dough into shells for its potpies, 235 tons of dough were saved annually.

I’m John Howell for 3BL Media.

Video source: Food Waste: The Price is Too High