New Toolkit Launched to Evaluate the Economic Impacts of Local Food System Initiatives
In 2014, the U.S. Department of Agriculture, Agricultural Marketing Service convened a team of regional economists and food system specialists to develop a best practice Toolkit for evaluating the economic impacts of local food system activities (http://www.localfoodeconomics.com/). The team, coordinated by Dr. Dawn Thilmany McFadden at Colorado State University, hopes that this Toolkit can guide and enhance the capacity of local organizations to make more deliberate and credible measurements of local and small-scale economic activity and other ancillary benefits.
The Toolkit is made up of seven modules that can be grouped into two stages of food system planning, assessment and evaluation. The first set of modules (1-4) guides the first stages of an economic impact assessment and includes framing the system, relevant economic activities and assessment process as well as collecting and analyzing relevant primary and secondary data. The second set of modules (5-7) provides a more technical set of practices and discussion of how to use the information collected in stage one to conduct a more rigorous economic impact analysis.