Absolutely. Creating a local economy is a very sustainable act, and by localizing your food choices and diet, you cut down on all of the transit that is required to transport most food to your table. Also, when local food is more common, you can actually see the way your food is grown and produced, and thus potentially have a say in the growing practices. A smaller and more localized economy is generally far more sustainable than an economy that requires thousands-of-miles of transit and trade.
If local soil is suitable then yes, it can help a lot. The main reason being is that growing locally reduces the need for transportation thus benefiting local economy in two ways, first that the money does not leave the area and second money is saved on transportation. Other benefits include lower emissions as well.
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