Virtual Money Puts A Price On Natural Ecosystem Services In Agriculture
Like virtual water and virtual emissions, looking at organic food through a prism of implicit benefits translated into estimated dollars makes it look a lot more economically viable than it otherwise might appear.
The new estimate says that organic farming systems do a better job of capitalizing on nature's services than they are credited with, and natural processes that aid farming and that can substitute for costly fossil fuel-based inputs are cost-effective.
Earthworms turning the soil, bees pollinating crops, plants pulling nitrogen out of the air into the soil and insects…