Organic agriculture alone may or may not be able to feed the world, but a recent study suggests that it can provide a relatively healthy paycheck for its practitioners.
David W. Crowder and John P. Reganold, two researchers at Washington State University, conducted a meta-analysis of studies on agricultural economics to learn whether organic farming is more profitable than conventional farming. And after reviewing 129 studies examining agriculture in 14 countries around the world, they published a paper in Proceedings of the National Academy of Sciences arguing that it is.
Crowder and Reganold found that yields on organic farms were, as their critics often allege, lower than on conventional farms – as much as 18 percent lower, in fact. And organic farms also have higher labor costs than conventional ones. Yet organic farmers also incur significantly lower costs than their conventional peers for inputs such as fertilizers and pesticides, which makes the overall cost of farming an acre of land nearly equal in the two systems.
Source: Huffington Post