A practice that includes all external costs- including environmental, social and economic- generated by the creation of a product. Items that are not often factored into the true cost of goods: farm subsidies you pay through your income taxes, fair wages for farm workers, 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 nutrients and topsoil through mono-crop farming practices. Without True Cost Accounting, people are creating the illusion that food is cheap, when in reality, it isn't.
Andrew W. Lee, author of Backyard Market Gardening writes, “ It is not a sin to charge money for food. It’s important that we charge a fair price to earn enough to keep our farms financially sustained, and ourselves and our families fed, clothed and housed. It’s not the farmer’s responsibility to provide cheap food in this country…”