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

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 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 FAAV

10 key areas

SOIL

Charles CowapMBA MRICS FAAV

MARKET VALUE

• Is not the only basis ……

Charles CowapMBA MRICS FAAV

Amenity Value

• Farm houses

• Forestry

• What next?

Charles CowapMBA MRICS FAAV

• And there are more than five methods …..

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

Charles CowapMBA MRICS FAAV

Traditional concerns

• The role of the trustee

• Safety

© Bart Hiddinck

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 we be

entrepreneurial enough?• A new paradigm: land

managers as ecosystem entrepreneurs …… ?????

Charles CowapMBA MRICS FAAV

New Ways of Learning

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