Value from land

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Presentation at RICS Rural Conference, Royal Agricultural University, 19 June 2014

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Value from land

  1. 1. Charles Cowap MBA MRICS FAAV New value adding prospects for land ensuring chartered surveyors won't be left out Charles Cowap RICS Rural Conference Royal Agricultural College University 12 June 2014
  2. 2. Charles Cowap MBA MRICS FAAVOld Ways with Land FOOD TIMBER SPORTING MINERALS DIVERSIFICATION DEVELOPMENT ENVIRONMENT SUSTAINABLE ENVIRONMENTAND SUSTAINABILITY INCOME COSTS
  3. 3. Charles Cowap MBA 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
  4. 4. Charles Cowap MBA MRICS FAAV 10 key areas
  5. 5. SOIL
  6. 6. Charles Cowap MBA MRICS FAAV MARKET VALUE • Is not the only basis ……
  7. 7. Charles Cowap MBA MRICS FAAV Amenity Value • Farm houses • Forestry • What next?
  8. 8. Charles Cowap MBA MRICS FAAV • And there are more than five methods …..
  9. 9. Charles Cowap MBA MRICS FAAV New market and brokerage opportunities • Biodiversity Offsetting • Payments for Ecosystem Services https://www.gov.uk/government/publication s/payments-for-ecosystem-services-pes- best-practice-guide
  10. 10. Charles Cowap MBA MRICS FAAV Traditional concerns • The role of the trustee • Safety © Bart Hiddinck
  11. 11. Charles Cowap MBA MRICS FAAVNew Ways with Land NATURAL CAPITAL PROVISIONING SERVICES Food Fibre Energy Timber REGULATING SERVICES Carbon cycle Water cycle SUPPORTING SERVICES Pollination Soil Formation CULTURAL SERVICES Recreation Inspiration Creativity Reflection EXISTING MARKETS PUBLIC SUPPORT NEW MARKETS PES Biodiversity offsetting Carbon Conservation covenants
  12. 12. Charles Cowap MBA MRICS FAAV New Ways of Working • New forms of appraisal • New opportunities • New values • New ways to collaborate • But will we be entrepreneurial enough? • A new paradigm: land managers as ecosystem entrepreneurs …… ?????
  13. 13. Charles Cowap MBA MRICS FAAV New Ways of Learning
  14. 14. Charles Cowap MBA MRICS FAAV Contact 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

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