Document downloads - Rural planning
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Financial viability in planning (ARCHIVED)
This document has been archived and is available on isurv for information purposes only.
Financial viability has become an increasingly important material consideration in the planning system. While the fundamental purpose of good planning extends well beyond financial viability, the capacity to deliver essential development and associated infrastructure is inextricably linked to the delivery of land and viable development. -
Farm stocktaking valuations
Published December 2016
Effective from December 2016
Reissued January 2023
Farm stocktaking valuations are required to assess the closing stock value, and thereby the proper profits or losses of a farming business, for inclusion in financial statements.
The aim of this professional standard is to assist professionals providing farm stocktaking valuations to correctly confirm instructions and prepare reports to clients that are Red Book-compliant, so as to ensure the highest standards of professionalism and clarity.
This document was reissued in January 2023 as a professional standard. It had previously been published in December 2016 as a guidance note. No material changes have been made to the document. -
Planning tools for strategic management of peri-urban food production (RICS)
Published September 2016
Using Sydney as a case study, this report aims to develop an understanding of what best practice looks for land-use planning on the urban fringe. -
Benchmarking in the rural sector
Benchmarking is the process of comparing an organisation and its operations/processes against other organisations in the industry or sector in which it operates, or in the broader marketplace. Challenging the performance of any business using benchmarking should be imperative in any economic climate. However, with so much change in the rural sector currently taking place, the need for rural businesses to benchmark is even more critical. RICS have published this Insight paper on rural benchmarking with the aim of equipping RICS rural professionals with benchmarking skills, which will ensure their reputation as the most trusted advisers and those best placed to add value to rural property, and to ensure that land-based businesses are maintained and enhanced.
This insight paper provides a holistic overview of benchmarking, its applicability to the rural sector and provides an insight into available tools and what some in the sector are currently measuring and benchmarking with some real-life case study examples. Preliminary research for this Insight paper indicates that the current use of benchmarking tools is inconsistent across the rural sector. One of the key findings of the paper itself highlights the clear need for some consistency in benchmarking performance of rural estates and rural land-based businesses, which often have a diverse range of assets and income streams, coupled with diverse ownership motives, which RICS will be further exploring.