A recent report from the USDA’s Economic Research Service showed 31 percent of American food was wasted in 2010.
The value of the 133 billion pounds of food gone to waste is estimated at $160-billion.
Roughly 10 percent of wasted food came from the retail sector while twice as much was lost at the consumer level. An average of 430 pounds of food was lost per American.
In its report, the ERS points out that a better gauge of how much food and how much money is lost could be a quantitative baseline for policymakers. It adds that a reduction in food loss could bring food prices down.