Serious investment thinking that doesn’t take itself too seriously.

HOME

LOGIN

ABOUT THE CURIOUS INVESTOR GROUP

SUBSCRIBE

SIGN UP TO THE WEEKLY

PARTNERS

TESTIMONIALS

CONTRIBUTORS

CONTACT US

MAGAZINE ARCHIVE

PRIVACY POLICY

SEARCH

-- CATEGORIES --

GREEN CHRONICLE

PODCASTS

THE AGENT

ALTERNATIVE ASSETS

THE ANALYST

THE ARCHITECT

ASTROPHYSIST

THE AUCTIONEER

THE ECONOMIST

EDITORIAL NOTES

FACE TO FACE

THE FARMER

THE FUND MANAGER

THE GUEST ESSAY

THE HEAD HUNTER

HEAD OF RESEARCH

THE HISTORIAN

INVESTORS NOTEBOOK

THE MACRO VIEW

POLITICAL INSIDER

THE PROFESSOR

PROP NOTES

RESIDENTIAL INVESTOR

TECHNOLOGY

UNCORKED

A new normal requires a new paradigm

by | Oct 6, 2022

Golden Oldie

A new normal requires a new paradigm

by | Oct 6, 2022

Originally published July 2021.

Among the many quotes attributed to Einstein, the following seems most pertinent as we look to the future: ‘’The significant challenges we face cannot be solved at the same level of thinking that we were at when we created them’. Undoubtedly as we move forward, both dealing and learning to live with the impact of the Covid virus, it will need very new thinking as the challenges ahead for the world economy are immense. Whatever new normal means, it will require a new paradigm as to how we both live and run our lives, and our business and economy.

Recently I attended a meeting of a farming organisation. The conversation and discussions were grim. Lockdown in the UK has impacted substantially on the its dairy sector, with many farmers’ outlets disappearing with the closure of restaurants, hotels and the like. There are concerns about the outcome of trade discussions, particularly with the USA, with fears of lower-quality imports. There are also similar misgivings about the Brexit discussions and what might eventually emerge from them. Then, of course, there has been the extreme weather. The very wet autumn and winter meant many crops were not sown. Winter wheat planting is well down. The spring did eventually arrive, which allowed spring sowings, only to be followed by an extremely dry period affecting germination badly. Projections on farming output in 2020 are not optimistic. It was feared that many farmers, faced with this and the impact and repercussions of the pandemic, will not survive.

All, as said, was very grim. Yet, there is evidence of new thinking and if UK agriculture is to meet the challenge, it needs to be fostered and to grow. The sector can either sit back and expect others to resolve matters or it can be proactive and recognise that if there are potential solutions, they need to be grasped, even with all the risks. I hear often on the media that it is down to government, but if UK agriculture and indeed the economy as a whole is to move forward, it will be down to the entrepreneurs and the pathfinders, prepared to make the paradigm shift happen and succeed. 

There have been times of real optimism and indeed pessimism

I was born in 1950 and when I reflect on the 70 years since, the change in practice and performance is incredible. Throughout that period, there have been times of real optimism and indeed pessimism. Agriculture has flourished and in turn suffered. I have no magical solution to the challenges ahead, but I do have a real faith and belief in the enterprise of individuals. The farming sector will change, as it has over the years, but we still need food and the pandemic has, I believe, given us opportunity among the pain.

There has been a growth in local sourcing of food and there is a window of opportunity to build on this. I do see real growth potential in more direct selling. It will require changes in operation, but can work. It has been interesting to see examples of more dairy farmers seeking to direct sell milk rather than through usual routes. There has been a revival, albeit small, of receiving the daily pinta of milk and home delivery of farm produce. Then there is reversing the fear of low-quality imports by really promoting the quality of home supplies. Of course price will remain king for many, especially as family incomes will be pressured, but focusing on quality assured has merits, again given the increased focus on food and its supply during pandemic conditions.

This is not just a battle cry – I really do feel there is opportunity. UK agriculture may suffer along with many other sectors, but it can rise and, yes, prosper, but it needs new thinking and some bravery. I started this with an Einstein quote so I will conclude with one from Darwin: ‘It is not the strongest of the species that survives nor the most intelligent, but the one that is most adaptable to change’.

About John Moverley

About John Moverley

John graduated in Agriculture and was awarded the Wood Prize for best student in the subject and a College Scholarship. After holding a research fellowship and lectureship at Nottingham University, John’s subsequent career has spanned the public, private and charitable sectors with 20 years at chief executive level. John has held numerous regional and national posts and his last full time post was as Chief Executive of the Royal Agricultural Society of England. Current roles include chairman of the Amenity Forum, a Forestry & Woodlands Advisory Committee and Mercia Community Forest. He is a Fellow of the Royal Agricultural Societies and the Institute of Agricultural Engineers and holds honorary Fellowships at both the University of Central Lancashire and Myerscough College and his chair is at De Montfort University. In 2004, he was awarded the OBE for services to agriculture and education and has recently been elected President at St Catharine’s College, Cambridge, for the 2018/19 academic year.

INVESTOR'S NOTEBOOK

Smart people from around the world share their thoughts

READ MORE >

THE MACRO VIEW

Recent financial news and how it connects across all asset classes

READ MORE >

TECHNOLOGY

Fintech, proptech and what it all means

READ MORE >

PODCASTS

Engaging conversations with strategic thinkers

READ MORE >

THE ARCHITECT

Some of the profession’s best minds

READ MORE >

RESIDENTIAL ADVISOR

Making money from residential property investment

READ MORE >

THE PROFESSOR

Analysis and opinion from the academic sphere

READ MORE >

FACE-TO-FACE

In-depth interviews with leading figures in the real estate/investment world.

READ MORE >