What is the maximum profit potential of your farm? - Understanding Maximum Sustainable Output
Meet the Farmers
English - June 26, 2023 04:00 - 50 minutes - 46.4 MB - ★★★★★ - 2 ratingsEntrepreneurship Business Society & Culture Personal Journals business entertainment agriculture countryside farmers farming meet the farmers rural Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
This episode was produced in association with Nethergill Associates, a farm consultancy based in Devon.
For more information on Nethergill Associates visit nethergillassociates.co.uk
For further description and definition of 'Maximum Sustainable Output' click here.
Timestamps
00:27 Ben introduces the show.
03:02 Chris Clark introduces himself.
03:47 Brian Scanlon introduces himself.
04:19 Chris introduces Nethergill Associates as a consultancy.
05:44 'The problem' - struggling farm profitability and declining nature value - why did Chris want to focus on tackling these big problems.
07:42 Does the farming sector perhaps not look outside (to other sectors) enough? Brian comments.
08:25 Is it possible to put a figure on the maximum profit potential of a farm business? What does profit mean?
10:19 Brian explains how the size of the farm is the critical limiting factor in profitability currently.
10:40 Energy - why do we need to focus on this?
12:34 Farmers as energy producers.
12:55 Mindset shift - seeing nature as a stakeholder in your farm business.
16:02 Natural capital and how maximum sustainable output interacts with it.
16:20 Free issue energy.
17:20 Brian explains productive variable costs and corrective variable costs.
19:15 What are Chris and Brian doing on the ground on a farm in calculating MSO?
24:31 Going beyond farming - does MSO have wider applicability?
25:54 ''The energy that goes into other inputs cannot be recovered'' says Chris.
26:28 Profitability - the culture in farming behind it.
28:18 ''Profitability is fundamental for food security'' says Brian.
29:00 The Less is More Report and where Nethergill Associates has come from.
31:32 MSO is about all farms, not just upland farms, but how does this relate to the uplands? Does this approach offer a more democratic approach?
32:29 The concept of the managed landscape.
33:42 The maths on how variable MSO is. Can it be improved over time?
34:30 Food security.
37:50 Brian discusses yield. Husbandry v additives.
38:48 Contract farming and profit shares. How does MSO work with this?
42:36 The direction of profitability.
43:10 Wider benefit in terms of economy, ecology and community. What are the benefits for everyone else? What is the relevance for policy makers?
46:58 Message for the public and message for farmers.
48:56 Ben rounds up.