The war in Ukraine has focused attention on the importance and fragility of food security, both at home and abroad, but we should be careful not to present a false dichotomy between food security and sustainability. The extraordinary rises in input costs that farm businesses are witnessing, illustrates how exposed the industry is to volatility.
While there is the immediate impact on wheat/fuel prices, there are also wider implications to consider. Building resilience is key, and this is one of the main benefits of adopting a natural capital approach. Being ahead of the game in terms of having a fuller understanding of NC impacts and dependencies would enable better, more sustainable decisions to be made earlier, reducing the impact of market volatility. Businesses which have already done so are better placed to weather the current ‘storm’ of spiralling commodity prices.
If you are interested in developing your understanding of natural capital and the services that Cumulus Consultants offer, please click here to get in touch.