value from land
DESCRIPTION
Presentation at RICS Rural Conference, Royal Agricultural University, 19 June 2014TRANSCRIPT
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Charles CowapMBA 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
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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
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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
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Charles CowapMBA MRICS FAAV
10 key areas
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SOIL
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Charles CowapMBA MRICS FAAV
MARKET VALUE
• Is not the only basis ……
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Charles CowapMBA MRICS FAAV
Amenity Value
• Farm houses
• Forestry
• What next?
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Charles CowapMBA MRICS FAAV
• And there are more than five methods …..
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Charles CowapMBA MRICS FAAVNew market and
brokerage opportunities
• Biodiversity Offsetting
• Payments for Ecosystem Services
https://www.gov.uk/government/publications/payments-for-ecosystem-services-pes-best-practice-guide
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Charles CowapMBA MRICS FAAV
Traditional concerns
• The role of the trustee
• Safety
© Bart Hiddinck
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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
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Charles CowapMBA 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 …… ?????
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Charles CowapMBA MRICS FAAV
New Ways of Learning
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Charles CowapMBA MRICS FAAVContact Details
In-house CPD programmes, professional-technical updates, organisational consultancy, and more:
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