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ABC News
ABC News
National

As food insecurity skyrockets, experts warn the true cost of food hasn't been paid, and the bill is due

We are paying more for it in the supermarkets and it is costing farmers more to provide it, but experts say humanity is not even close to paying the true price of producing food.  

They have warned the environment is "subsidising" food production globally by more than $3 trillion in externalities — an economic term for the costs or benefits of production that was not reflected in the market price. 

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