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A state-and-transition model framework to take stock of natural capital on farms

Author

Listed:
  • Rainsford, Frederick W.
  • Appleby, Matthew
  • Hawdon, Angela
  • Maisey, Alex
  • Lawrence, Rachel
  • Semmler, Imogen
  • O'Brien, Daniel
  • Ogilvy, Sue
  • Radford, James Q.

Abstract

Natural capital accounting is an emerging approach to help address the challenge of preventing further biodiversity loss while sustainably providing resources for a growing human population. It requires an effective and robust framework for quantifying natural capital on farms. State and transition models (STMs) have been used extensively to describe the range of observable condition states for an ecosystem and the processes that maintain states or drive shifts between them. Current STM frameworks have limited capacity for use in modified landscapes and therefore are currently unsuitable for many applications of natural capital accounting.

Suggested Citation

  • Rainsford, Frederick W. & Appleby, Matthew & Hawdon, Angela & Maisey, Alex & Lawrence, Rachel & Semmler, Imogen & O'Brien, Daniel & Ogilvy, Sue & Radford, James Q., 2024. "A state-and-transition model framework to take stock of natural capital on farms," Agricultural Systems, Elsevier, vol. 220(C).
    • Handle: RePEc:eee:agisys:v:220:y:2024:i:c:s0308521x24002543
    DOI: 10.1016/j.agsy.2024.104104
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    References listed on IDEAS

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    1. Sue Ogilvy, 2015. "Developing the ecological balance sheet for agricultural sustainability," Sustainability Accounting, Management and Policy Journal, Emerald Group Publishing Limited, vol. 6(2), pages 110-137, May.
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    3. Sue Ogilvy & Danny O'Brien & Rachel Lawrence & Mark Gardner, 2022. "A natural capital accounting framework to communicate the environmental credentials of individual wool-producing businesses," Sustainability Accounting, Management and Policy Journal, Emerald Group Publishing Limited, vol. 13(4), pages 765-802, May.
    4. Dean T. Thomas & Gonzalo Mata & Andrew F. Toovey & Peter W. Hunt & Gene Wijffels & Rebecca Pirzl & Maren Strachan & Brad G. Ridoutt, 2023. "Climate and Biodiversity Credentials for Australian Grass-Fed Beef: A Review of Standards, Certification and Assurance Schemes," Sustainability, MDPI, vol. 15(18), pages 1-33, September.
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