This is added to the estimated smallholder revenue (510 million smallholders times an assumed average per farm) and these figures are added to the Planet Tracker database figure to calculate the overall revenue number. The aggregate revenue figure from the Planet Tracker food system database is used and then revenues are estimated for non-farm businesses (based on the number of businesses and a revenue multiplier compared to the assumed average smallholder revenue). We provide two main valuation approaches: Scenario 1 (S1) based on the number of businesses and Scenario 2 (S2) based on the protein price (both discussed in more detail in ‘ How much is your food worth?’). In the Planet Tracker Valuing the Food system dashboard, the user is able to adjust various valuation variables. We recognise that we have provided a significant revenue range – although even at the lowest value in the range it clearly demonstrates the economic importance of the food system – and that we have had to make various assumptions.įor example, how many small- and medium-sized enterprises (SMEs) are there and what revenue multiples should be applied to them? For further details please see ‘How much is your food worth?’. It’s noteworthy that up to 70% of revenues come from 0.06% of all companies. ![]() This is equivalent to between 16 and 20% of GDP. Planet Tracker estimated the enterprise value of the global food system to be around USD 14 trillion with revenues in the region of USD 15 to 19 trillion. Moreover, further down the supply chain, our database does not include smaller food manufacturers and retailers. Planet Tracker was unable to gather accurate numbers on hundreds of millions of smallholder farmers or tens of millions of artisanal fishing and small aquaculture businesses. ![]() Valuing the global food system is a challenging task and involved the analysis of 400,000 companies connected to food. Some could view the global food system as even larger, if suppliers to this industry, such as packagers or service providers, are included.įigure 1: The global food system – node analysis (Source: Planet Tracker) agricultural chemicals and machinery) through to producers and traders, food & beverage manufacturers and distributors, and ending with the retailers, food service and waste companies – see Figure 1. Planet Tracker defines the food system as commencing with input providers (e.g. Planet Tracker has created an interactive dashboard to enable users to value the global food system by adjusting various valuation variables.
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