Skip to main content

Your internet browser is out of date and not supported by this website. For the best viewing experience on wool.com, please update your browser to one of the options below.

Welcome to Wool.com

An innovation hub for the woolgrowers of Australia

You may also be interested in

21.10.2021 Source: AWEX
AWEX EMI 1369 +46
Micron 17 2508 +35
Micron 18 2161 +94
Micron 19 1716 +76
Micron 20 1360 +45
Micron 21 1295 +63
Micron 22 1254n +62
Micron 26 705n +19
Micron 28 423 +8
Micron 30 342 +2
MCar 883 -6
Natural Capital Accounting
Our latest on-farm study has developed a new method of measuring environmental health to enable Australian woolgrowers to track the health of their environment over time.

With some 80% of the investment in a farm tied up in the land base, it makes good sense for producers to incorporate a measurement of the condition of this important business asset into their thinking on profit.

Natural Capital Accounting is a new way of thinking that can help producers objectively measure their farm’s environmental assets (ie natural capital, such as soil, water and vegetation). It can help producers view the environmental impacts of their farming alongside their existing financial measures of profit – and help them track changes in natural capital over time, and identify and monitor the relationship between farming practice, environmental impact and farm business performance.

Natural Capital Accounting focuses on these key indicators:


Ecosystem-services-.jpg

Ecosystem services
12 criteria, including regulating services like water purification and pollination, habitat services such as biodiversity protection and provisioning services such as food, fibre and forage production.

Ecosystem-type-and-use.jpg

Ecosystem type and use
In line with guidance from the System of Environmental-Economic Accounting (SEEA), the study identified the type and use of the ecosystem, to identify the ecological state of the environment.
 

Environment-Profit-&-Loss.jpg

Environment Profit & Loss
The study calculated each farm’s environmental impact using the 31 metrics of Kering’s EP&L methodology to compare each farm’s individual impact with conventional wool production estimates.

Carbon-sequestration-estimates.jpg

Carbon sequestration estimates
Total farm carbon emissions were calculated and estimates of carbon storage created to calculate each farms carbon sequestration per annum.
 

Long-term-groundcover-.jpg

Long-term groundcover
Using a commercially available GIS information system the ground cover of each farm was assessed over a 13 year period. To calculate average groundcover.
 

Ecosystem-capacity-.jpg

Ecosystem capacity
The capacity of the farm ecosystem to provide reliable quality forage for livestock was assessed to better understand the value of natural capital.

 

DOWNLOAD THE REPORT SUMMARY

 

Spotlight case studies

The first pilot study included 11 wool-growing farms in eastern Australia selected as they covered a diverse range of climates, production systems and landscapes.

Natural Capital Accounting provides an opportunity for woolgrowers to clearly document and market the positive environmental impacts of their on-farm management to interested buyers and the wider industry, in language they can understand.

Glenwood

Central West of NSW

Glenwood is a 2,972 hectare property located in the Central West of NSW. The property, which ranges from undulating to hilly healthy grassy woodlands and native pastures, is ideal for breeding Merino sheep, which is exactly what owners Norm and Pip Smith do.

DOWNLOAD REPORT

Lana

Northern Tablelands of NSW

Tim and Suzanne Wright own ‘Lana’, a 3,470 hectare property on the Northern Tablelands of NSW, where they run Merino sheep and breeding cows. Tim was an early adopted of Holistic Planned Grazing and along with increasing flock size and production, has seen remarkable increases in biodiversity, groundcover and resilience.

DOWNLOAD REPORT

Taylors Run

Northern Tablelands of NSW

Taylors Run is a 647 hectare family owned and operated property located near Kentucky in the Northern Tablelands of NSW. The Taylors produce 16 micron superfine Merino wool grown by 3500 un-mulesed sheep and aim to produce their fibre in an ethically and environmentally sustainable way.

DOWNLOAD REPORT

Winona

Central Tablelands of NSW

Colin Seis and his son Nick run 3,500 Merinos, grow cereal crops, and harvest native grass seed on the family’s 840 hectare property ‘Winona’ in the Central Tablelands of NSW. Colin and his neighbour Daryl Cluff developed a technique they call ‘pasture cropping’ which is now recognised as a revolutionary way to grow crops regeneratively.

DOWNLOAD REPORT

Natural Capital Accounting provides an opportunity for woolgrowers to clearly document and market the positive environmental impacts of their on-farm management to interested buyers and the wider industry, in language they can understand.

 

Articles That Might Interest You
Best practice preparation for shearing
Preparing your flock properly will help ensure a successful harvesting of your sheep’s wool. AWI has prepared some advice for woolgrowers to consider prior to shearing. Read more
Dung Beetles
The benefits of dung beetles in a production system are many, including benefits for soil, water and pasture, as well as the biological control of flies. Read more
Fall Armyworm
Fall armyworm (Spodoptera frugiperda) was first reported in Australia in February 2020 and quickly established across parts of Northern Australia’s tropical and sub-tropical regions, including northern Queensland, Northern Territory, and northern parts of Western Australia. Read more