Been thinking. If we were to value a cabbage in terms of the hours we put in growing it, then what would its price be? Hours planting seed, weeding, feeding and watering. And creating the feed from seaweed or worm wee. Carrots have to be thinned and there are many hours in that.
I have been thinking about the true price of homegrown food in terms of the hours spent. If we were to sell our homegrown produce to other growers in Hours, would this change the balance of the oil based economy? Flour has to go through several stages and the mill has to be built in the first place. Market gardeners get such a pittance for their veges from the supermarkets. It is all wrong. The value of work in the garden is underestimated. I see these Chinese market gardeners down the road from me spending all day weeding..
We have a timebank here in Otaki where the unit is Hours and I have been thinking how we use this unit to trade homegrown goods and things like gathered leaves. The latter isn't hard, spend an hour gathering leaves and charge an hour for them. Spend an hour collecting manure and charge an hour for it.
The hour is such a robust unit. It doesn't inflate. It stays the same. Since everyone keeps getting another 24 hours each day, there is an abundance of hours available.
Do we undervalue our homegrown produce? Anyone care to do an estimate?