True Cost Accounting
Location: A cornfield, U.S.A.
Featuring: Laura Howard-Gayeton & Tuilerie
True Cost Accounting is the practice that accounts for all external costs -environmental, social, and economic - generated by the creation of a product.
What is not factored into the true cost of corn? Farm subsidies you pay through your personal income taxes, pollution of local drinking water due to contamination by petrochemical herbicides, pollution of waterways and oceans due to nitrogen fertilizer runoff, and loss of vital soil nutrients and topsoil through mono-crop farming practices are just some of the hidden costs.