The UK Government is introducing Environmental Land Management schemes to replace payments made under the Common Agricultural Policy in England (devolved administrations have separate schemes).
The schemes shift subsidy from primarily rewarding the amount of land farmed to specific environmental benefits and are to be launched by 2024. RICS believes governments and devolved administrations should:
- support agricultural businesses to evaluate and compare land management practices to help reduce emissions, support biodiversity, and retain a safe, high-quality food supply. RICS supports the evaluation and benchmarking of such data as a key tool for government to assess performance against objectives
- incentivise agricultural businesses to support environmental improvements (eg, lower GHG, increased nutrients in soil, reduced run-off, greater biodiversity) and this will include capital equipment. There is low profitability in the sector which deters investment and match funding may not be sufficiently attractive in some cases.
- encourage carbon-offsetting projects or renewable energy generation as alternative land uses to supplement food production to diversify agricultural income base.
- devolved administrations (Wales, Scotland, Northern Ireland) each have differing policy frameworks in effect and will require specific support which is appropriate for the challenges and opportunities faced in those regions.