Making Change through Local Food Production: Calculating the Economic Impact of Your Local Food Project
Keywords:Local Food, Input-Output Model, Economic Impacts, USDA Local Food Systems Toolkit
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.
How to Cite
The copyright to all content published in JAFSCD belongs to the author(s). It is licensed as CC BY 4.0. This license determines how you may reprint, copy, distribute, or otherwise share JAFSCD content.