Making Change through Local Food Production: Calculating the Economic Impact of Your Local Food Project

Given the growing interest in local food systems and the complexity of modeling the economic impacts of such systems, the Local Food Impact Calculator (LFIC) was created to provide a simple but methodologically sound tool to assist practi­tioners. In this paper, we cite four examples, along with dis...

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Bibliographic Details
Main Authors: Dave Shideler, Philip Watson
Format: Article
Language:English
Published: Lyson Center for Civic Agriculture and Food Systems 2019-01-01
Series:Journal of Agriculture, Food Systems, and Community Development
Subjects:
Online Access:https://foodsystemsjournal.org/index.php/fsj/article/view/664
Description
Summary:Given the growing interest in local food systems and the complexity of modeling the economic impacts of such systems, the Local Food Impact Calculator (LFIC) was created to provide a simple but methodologically sound tool to assist practi­tioners. In this paper, we cite four examples, along with discussion of each, to illustrate both the use and application of the calculator, as well as to pro­vide additional insights into using the calculator. Readers will learn that economic impact analysis provides information about industrial linkages in the local economy, and how to understand the implied multiplier’s value from the LFIC in the context of their local economy. When used carefully, the LFIC can be a useful tool for use in com­munity conversations around local foods.
ISSN:2152-0801