Consider the environment when reviewing farm business
Published January 21st, 2020
The protracted Brexit and recent extreme weather have left farmers wondering what the future holds for their businesses. The Basic Payment Scheme is being phased out and although new support measures are promised there is much uncertainty for the industry.
Now is the time to identify the strength and weaknesses of the farm business so that decisions can be taken to put the business on a firm foothold ready to cope with the changes ahead.
As well as looking at enterprise performance, costs and ways of adding value, it is also important to consider the environment and sustainability when reviewing the farming business. Agricultural productivity should no longer be considered on its own.
The growing discussion over climate change has brought the importance of natural capital to the fore and given a value to natural assets such as biodiversity, soils, land, carbon, water and landscape.
Agri-environment schemes such as Environmental Stewardship and Countryside Stewardship are already bringing in income for some of these assets but there is potential for further income streams.
This new income flow could come from the public purse, commercial companies looking to offset carbon and from utility firms such as water companies looking to improve water quality.
The environment should be seen as a source of new revenue and a route to sustainable land and soil management. How we put a cash value on these assets is a question yet to be answered.
For more information contact your local Berrys office or Charlotte Rogerson at the Shrewsbury office, telephone 01743 290642 or email firstname.lastname@example.org