sustainable agriculture: show me the money: valuing ecosystem services

Charles CowapMBA MRICS FAAV

Valuing Ecosystem Services

Can farmers benefit?

How can LEAF help?

Sustainable Agriculture: show me the money

LEAF President’s Event

5 November 2013

Charles CowapMBA MRICS FAAV

Peat’s Story

Charles CowapMBA MRICS FAAVThe mires on Exmoor

Drainage for agricultural improvement

Charles CowapMBA MRICS FAAVDomestic and commercial peat cutting for fuel

Cutting carried on until the end of the c20th

Charles CowapMBA MRICS FAAV

Charles CowapMBA MRICS FAAVContext: Exmoor example

Exmoor

R Barle

R Exe

Wimbleball Resr & River Haddeo

ExebridgePumping Station

Replenishment PumpingApprox 5 miles, lifting water from 120 to 240 m AOD

CO 2

Charles CowapMBA MRICS FAAV

New land management and valuation requirements are emerging

New markets

New challenges to professional practice

New environmental, social and economic opportunities and challenges

Charles CowapMBA MRICS FAAV

Defra 2013

Payments for ecosystem services: a Best Practice Guide

Published May 2013https://www.gov.uk/government/publications/payments-for-ecosystem-services-pes-best-practice-guide

Charles CowapMBA MRICS FAAVThinkpiece

• Royal Charter– Promote the usefulness

of the profession to public advantage

• New opportunities in land management

• New ways of working in development

• New points to reflect in conventional valuations

• New types of valuation

Charles CowapMBA MRICS FAAVOld Ways with Land

FOOD

TIMBER

SPORTING

MINERALS

DIVERSIFICATION

DEVELOPMENT

ENVIRONMENT

SUSTAINABLE

EN

VIR

ON

ME

NT

AN

D

SU

STA

INA

BIL

ITY

INCOME

COSTS

Charles CowapMBA MRICS FAAVNew Ways with Land

NATURAL CAPITAL

PROVISIONING SERVICESFoodFibreEnergyTimber

REGULATING SERVICESCarbon cycleWater cycle

SUPPORTING SERVICESPollinationSoil Formation

CULTURAL SERVICESRecreationInspirationCreativityReflection

EXISTING MARKETS

PUBLIC SUPPORT

NEW MARKETSPESBiodiversity offsettingCarbonConservation covenants

Charles CowapMBA MRICS FAAV

New Ways of Working• New forms of appraisal• New opportunities• New values• New ways to collaborate• But will farmers be

entrepreneurial enough?• A new paradigm: farmers

as ecosystem entrepreneurs …… ?????

Charles CowapMBA MRICS FAAVContact Details

In-house CPD programmes, professional-technical updates, organisational consultancy, and more:

cdcowap@gmail.com

07947 706505

Twitter: @charlescowap

Blog: http://charlescowap.wordpress.com/

Slideshare: http://www.slideshare.net/cdcowap

Translating new knowledge for rural professional practice

www.harper-adams.ac.uk