Sustainable Agriculture – Life beyond Subsidies: Lessons from New Zealand

This address explores the importance for agricultural sustainability of different types of capital assets, especially knowledge capital, drawing on recent research in New Zealand that has aimed to expand the contribution of the primary sector to sustainable wellbeing. I begin with an overview of the theory on what constitutes sustainability and wellbeing, focusing on connections between wellbeing, capabilities and different types of capital stocks, and highlighting the importance of knowledge capital for wellbeing. Recent trends in New Zealand and United Kingdom agriculture provide the applied context for analysis of some key knowledge issues facing agriculture, framed by the capability theory of the firm following David Teece. The paper finishes with a brief conclusion on the implications for the UK