11 min
Dr. Stuart Whitten, CSIRO Australian Farm Institute Podcast
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- Education
Australian Farm Institute 2019 Roundtable
Session: Opportunities to build natural capital
Facilitator: AFI General Manager, Katie McRobert
Guest speaker: Dr. Stuart Whitten, Economist at CSIRO Land & Water
Presentation summary:
Dr Whitten discussed natural capital market design at the AFI Roundtable, noting that reasons we are interested in markets are:
· Placing positive incentives on desired outcomes
· Flexibility in individual responses
· Encouraging cheapest effective change
In combination these can drive innovation and the “gains from trade” that create new and better ways to secure the future for farmers, Dr Whitten said. He said trust is the lubricant that facilitates the information exchange which underpins markets and is critical for farmer participation in natural capital markets.
Click or copy/paste link below for Roundtable slide decks and speech transcripts
farminstitute.org.au/news-and-events/ART_2019/Roundtable-2019-speakers
Download the Spring 2019 Farm Policy Journal edition on “Managing agriculture’s ecosystem services”: http://farminstitute.org.au/publications/journal/farm-policy-journal-spring-2019
Podcast produced by www.growloveproject.com
Australian Farm Institute 2019 Roundtable
Session: Opportunities to build natural capital
Facilitator: AFI General Manager, Katie McRobert
Guest speaker: Dr. Stuart Whitten, Economist at CSIRO Land & Water
Presentation summary:
Dr Whitten discussed natural capital market design at the AFI Roundtable, noting that reasons we are interested in markets are:
· Placing positive incentives on desired outcomes
· Flexibility in individual responses
· Encouraging cheapest effective change
In combination these can drive innovation and the “gains from trade” that create new and better ways to secure the future for farmers, Dr Whitten said. He said trust is the lubricant that facilitates the information exchange which underpins markets and is critical for farmer participation in natural capital markets.
Click or copy/paste link below for Roundtable slide decks and speech transcripts
farminstitute.org.au/news-and-events/ART_2019/Roundtable-2019-speakers
Download the Spring 2019 Farm Policy Journal edition on “Managing agriculture’s ecosystem services”: http://farminstitute.org.au/publications/journal/farm-policy-journal-spring-2019
Podcast produced by www.growloveproject.com
11 min