How is Local Food Good for Our Economy?. The system by which goods and services are produced, sold, and bought that helps us determine how to use limited.

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Presentation transcript:

How is Local Food Good for Our Economy?

The system by which goods and services are produced, sold, and bought that helps us determine how to use limited resources. Everything we MAKE (or GROW) Everything we BUY How resources are USED What is an Economy?

Economics Production (What gets made and how?) Distribution (How do we get things to people who want them?) Consumption of goods and services (What do people want, how much, and what price?) The Big Question: How can we satisfy unlimited wants …with limited resources?

Economics Helps us decide: What goods & services get produced How they are produced Who gets them Who answers all of these questions? YOU answer these questions as a CONSUMER

Supply How much is available to us? What price can it be sold for? Demand How much do we want? What price are we willing to pay? Intro to Supply & Demand

Economics: Supply & Demand Price Quantity $1 1 Demand Supply

Price decreases when more supply is available especially when demand is low! Demand Price increases when demand is high Especially when supply is low! Economics: Supply & Demand

Which of these foods do you think farmers sell more of? Bok choy Blueberries WHY?

Farm to School Benefits Farmers have a new place to sell their local food! Local farmers get to keep more $MONEY$ YOU get to eat tasty, local, & healthy food! That $MONEY$ stays INSIDE the community!

Economics: Supply Chain Farmer Distributor Processor Retailer YOU! Farmer YOU! School VS.

Why can’t we always get all foods locally? Can you grow bananas in KY? Oranges?

Do you know where to buy local? Farmers Market Farm stands Some grocery stores Gardens Orchards Farms Food Banks

Have you been to the Farmers Market???