Dr Nick Pawsey (CI) (CSU), Associate Professor Catherine Allan (CSU), Dr Francisco Ascui (UTAS), Professor Geoff Cockfield (USQ), Professor Simon Cook (Murdoch), Associate Professor Mark Frost (CSU), Associate Professor Julia Lynch (CSU), Dr Ben Wills (FedUni) and Dr Alfred Wong (CSU)
Rural and Regional Communities
Across Australia’s agricultural sector, a significant percentage of soils are constrained in one way or another. As effective soil management practices can help to manage these constraints, many farmers are adopting innovative soil management practices and working to better understand soil health.
A key challenge to the adoption of innovative soil management practices, however, is that the financial returns from the practices are not always clear to farmers and the finance industry.
The collaborative project is focused on improving the understanding of the relationship between soil health and financial performance identifying potential financial incentives to reward good soil stewardship.
The researchers are running a series of workshops that are focused on improving the understanding of the current agricultural financing system, identifying relevant leverage points to activate financial markets and, based on a consideration of the knowledge gaps, developing joint research proposals for projects with industry partners.
The first workshop, hosted by the NAB at the end of August in Melbourne, involved representatives from across the agricultural, finance, conservation, government and research sectors. Further workshops will be held in Perth and Toowoomba in October.
While the focus of this project is on identifying financial incentives to reward good soil stewardship, insights from this project are also expected to inform the development of a collaborative design framework to further facilitate the process of engaging farmers and other stakeholders in the activities of the Soil CRC.
Dr Nick Pawsey, Albury-Wodonga campus