Policy support tool
TEEBAgriFood Valuation Framework
The valuation framework offers a useful starting point, as it seeks to provide both a common understanding of what such an evaluation might entail, as well as a cross-cutting template for carrying out such an evaluation. In other words, each type of food system, production alternative, or consumer choice could be held to a common form of assessment of costs and benefits by using a single universally applicable framework.
The TEEBAgriFood valuation framework is a frame of analysis that can enable us to answer the question "what should we value, and why?" The framework ensures that nothing important is missed and that the full range of impacts and dependencies (including externalities) from eco-agri-food systems can be individually examined and collectively evaluated for the application in question, be it a typology comparison, a policy evaluation, a business question or an accounting question. Using a universal framework each type of food system, production alternative, or consumer choice can be held to a common form of assessment of all significant costs and benefits, whether they be economic, social or related to risks and uncertainty.