Wilton foundation backs food waste study
The Fink Family Foundation — the family foundation behind Wilton’s Millstone Farm — was one of the seed funders behind a recently conducted national economic study of food waste that’s being called the first of its kind.
The March-published report is named the Roadmap to Reduce U.S. Food Waste.
Trustees of the Fink Family Foundation were part of ReFED — a collaboration of 30 businesses, government, investor, foundation and nonprofit leaders committed to reducing U.S. food waste.
According to ReFED’s website, “ReFED was formed in early 2015 to create a Roadmap to Reduce U.S. Food Waste, the first ever national economic study and action plan driven by a multistakeholder group committed to tackling food waste at scale.”
“Learning that we waste up to 40% of our food globally, and that meanwhile, one in seven Americans is food insecure, partnered with hands-on experiences at Millstone Farm — our operating farm — and working with restaurants and grocery stores and seeing waste occur first hand, really brought this issue home for us,” said Betsy Fink, a foundation trustee and owner of Millstone Farm.
The primary finding of the Roadmap to Reduce U.S. Food Waste was that actions feasible and cost-effective today have the potential to cut food waste nationwide by more than 20% — 13 million tons annually.
“The Roadmap will require $18 billion of investment over the next decade — less than a tenth of a penny of investment per pound of food waste reduced,” a press release said.
“This investment will yield a net economic value to society of approximately $100 billion over the same period through consumer savings on lower food bills, new sources of business profit, additional meals donated to the hungry, and a lower government tax burden,” the press release said.
For direct links to the findings of the Roadmap to Reduce U.S. Food Waste, as well as relevant infographics and resources, visit ReFED.com.