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. Charles Cowap
MBA MRICS FAAVOld Ways with Land
FOOD
TIMBER
SPORTING
MINERALS
DIVERSIFICATION
DEVELOPMENT
ENVIRONMENT
SUSTAINABLE
ENVIRONMENTAND
SUSTAINABILITY
INCOME
COSTS
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
10. 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
12. 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
13. 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 ……
?????