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The Impact of Economic Drivers on Food Loss Management

Author

Listed:
  • Dimitrie Stoica

    (†Dunărea de Jos†University of Galati, Romania)

  • Angela-Eliza Micu

    (†Ovidius†University of Constanta, Romania)

  • Maricica Stoica

    (†Dunărea de Jos†University of Galati, Romania)

Abstract

Food loss, a critical issue in the world, is especially used to describe the lost agricultural production. Primary agricultural production is inherently risky, being exposed to numerous pressures from weather and diseases. According to the Food and Agriculture Organization (FAO) about 1.3 billion tons of the food obtained for human consumption go uneaten yearly (nearly $2,6 trillion annually as a cost). The benefits of food loss reducing on farms are incontestable. This paper examines the food loss from an economic perspective by summarizing the economic drivers of food loss on the farm-level (costs and availability of workforce, consumers standards and preferences, price volatility, supply chain factors). The reducing of food loss is economically useful not only in terms of intervention costs, but also in terms of alternative means of achieving food security and environmental equilibrium.

Suggested Citation

  • Dimitrie Stoica & Angela-Eliza Micu & Maricica Stoica, 2022. "The Impact of Economic Drivers on Food Loss Management," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 753-761, September.
    • Handle: RePEc:ovi:oviste:v:xxii:y:2022:i:1:p:753-761
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    References listed on IDEAS

    as
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    Cited by:

    1. Dimitrie Stoica & Angela-Eliza Micu & Maricica Stoica, 2022. "Causes and Strategies for Plate Waste Management in the HoReCa Sector," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 753-762, Decembrie.

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    More about this item

    Keywords

    agricultural production; food loss; price volatility; consumers’ preferences; management;
    All these keywords.

    JEL classification:

    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
    • J43 - Labor and Demographic Economics - - Particular Labor Markets - - - Agricultural Labor Markets
    • L66 - Industrial Organization - - Industry Studies: Manufacturing - - - Food; Beverages; Cosmetics; Tobacco
    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management
    • N50 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - General, International, or Comparative
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness
    • Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade

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