Convened by the Farm Animal Investment Risk & Return (FAIRR) Initiative and Food Systems for the Future (FSF) Institute
AMBITION STATEMENT
The Public Finance Catalyst Group aims to drive awareness, understanding and commitments of academics and policy makers on the true cost of food and the ability of policy changes in food sustainability to reduce fiscal spending on public health.
Current subsidies are not effectively supporting sustainable commodity production; the risk reward distortion between farmers and food retailers needs to be recognized. The private sector’s power and magnitude of capital can play an important role in achieving the necessary changes in our food system, accelerating the sustainable transition in the food and land-use sector.
Summary
For example, finance ministries can provide fiscal incentives in the form of tax incentives, research funding and concessional finance to encourage capital investments in developing infrastructure and capacity development for good food financing.
The Public Finance Catalyst Group
is working to engage and mobilize good food financing within the public sector through collecting and sharing relevant knowledge and data with finance ministries.
Solutions that the Public Finance Catalyst Group is working to promote include:
- Refining and standardizing key messages on the true cost of existing fiscal policies, public expenditure and development plans;
- Promoting policy changes that align with preserving biodiversity, enhancing nutrition, fostering long-term growth, and improving country-specific fiscal positions.
Featured Blog Post:
Good Food System Transition: Repurposing agricultural support to promote fiscal resilience, human and planetary health
Current agricultural practices and consumption of unhealthy food are harming fiscal stability. This is happening as a result of rising health costs, food waste, decreased soil health, land degradation and climate change. In this GFFN blog, members of the Public Finance Catalyst Group highlight the huge fiscal savings that healthier diets can have in both high and low-income countries.
Good Food Finance Network 