News & Press
How to Eat Organic on a Budget
Greg Wank, Leader of Anchin’s Food and Beverage Industry Practice, comments about why organic food costs more and notes that increasing demand is leading to higher supply.
Increasing demand is only one reason for the higher price of organic products, says Greg Wank, a partner at advisory firm Anchin, Block & Anchin LLP who leads its food and beverage practice group. It costs farmers more to produce products without conventional pesticides, and the harvesting and handling of organic food can be more time-intensive, two factors that further add to the cost. “That all being said, each year there is more and more supply due to the strong demand, which is slowly bringing costs lower,” Wank says.
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