Environmental and Economic accounting in Primary Industries (Natural Capital Accounting) - linked to 2017-175
Natural capital is the soil, air, water and biodiversity-the natural resources used for food and fibre production. This grant activity will apply Natural Capital Accounting to the forestry, cotton and fisheries industries allowing producers to:
• incorporate natural assets into farm business systems to help identify risks and costs associated with using, and opportunities from improving, these assets and manage accordingly
• access cheaper finance, drawing on opportunities from finance organisations who explicitly incorporate natural capital in the credit risk calculations and offer lower interest rates for landholders who manage these assets
• demonstrate best practice management of natural assets and increase profitability by accessing premium markets.