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Beginning the regenerative journey
Episode 627th July 2022 • Peripheral Thinking • Ben Johnson
00:00:00 01:19:23

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Marcus is an entrepreneur, researcher and writer, Chief Operating Officer of New Foundation Farms, a UK agri-food enterprise on a mission to disrupt the entire ‘farm to fork’ journey: yep, that’s breaking and remaking everything that’s wrong and harmful about how you get your food.

In this episode, we talk regenerative business - work which creates life not destroys it - the travails of entrepreneurial life more generally, and embracing the end of your start up or company as a means to renew it….

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Welcome to Peripheral Thinking, a series of conversations with

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entrepreneurs, advisors, activists, and academics, intending to inspire

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and maybe challenge you with ideas from the margins, the periphery.

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Why?

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Cuz that's where the ideas which will shape tomorrow are hiding today,

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on the margins, on the periphery.

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This week, I spoke to, uh, Marcus Marcus link.

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Uh, Marcus described himself as a cultural creative, a phrase

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I borrowed and liked very much.

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He's an entrepreneur researcher and writer.

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He's co-founder and director and, and, uh, the Chief Operating Officer of New

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Foundation Farms, an a regenerative disruptor enterprise in the UK agri food

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sector with the mission of establishing regenerative agriculture at scale, by

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transitioning farming practices from unprofitable environmental problem

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to a profitable ecological solution.

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In November, 2020, the food farming and countryside commission in the

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UK published the report, Farming Smarter, the case for agro ecological

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enterprise, which Marcus co-authored and which is based on his research.

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As a writer, Marcus's special interest is in the theme of human becoming,

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and he publishes his essays, poems and stories, exploring the inner

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journey on his blog foolsjourney.me.

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Marcus, welcome to Peripheral Thinking.

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uh, great pleasure to be here, Ben.

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Thanks so much for the invitation.

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You're very welcome.

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Now, maybe you can give us just a little sort of potted history of of who you

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are and what brings you to where you are today, as potted as that can be.

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Yeah, I'll do my very best may.

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Maybe just start with how I'd describe myself in my own thinking today.

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I consider myself to be a writer, a researcher, and an entrepreneur.

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And in 1, 1, 1 aspect of my life's journey has been to to live through

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such paradoxes and then discover that actually these paradoxes have a level

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at which they are integrated and they just express themselves in different

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arenas of life in different ways.

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The challenge that remains then is how do I make time or for one or the other and

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and find the space and time to do it all?

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Underneath these three pillars, if you want, maybe at a higher

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level is something that Paul Ray in 2000 called the cultural creative.

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And I'm just gonna quote a little bit there from what that

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means, because I think many may recognize this kind of impulse.

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and cultural creatives are people who see careers, which are fulfilling

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and provide meaningful contribution to their communities or the world

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at large because of their emphasis on growth and development, cultural

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creatives can be found reading often.

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So, what I do is very much tied to a restless curiosity.

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I, I want to know about things and that often leads to the confrontation

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with the world as it is today, because there is that sense.

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Oh, it could be different.

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So how do we go about that?

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And the cultural creative is not satisfied with the status quo as the best solution.

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And I think the world that we live in and the the emergencies we're

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facing, like climate emergency but a whole host of other things come

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together to this interconnect.

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Web of crises.

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And the question is, how do we confront these, uh, cuz we can't confront them

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at the level that we created them.

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so with that little entree, entrepreneur is an important

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word for your podcast series.

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So I thought I'd reflect a little bit on that.

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May, maybe my life began entrepreneurially, not necessarily in

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the business sense, but I was born in Ireland, although my parents are German

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and English and that's because my father was at the university of Galway back then.

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And shortly after I was born, we did return to Germany and I was,

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I went to school there, grew up generally, and I then later moved

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to the UK where I completed a degree with the Open University.

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And that's also an aspect of entrepreneurship is that I tried several

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bricks and mortar universities and with different subjects, but ultimately since

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my mid-teens, I've always been involved in projects and actually working with people,

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earning my own money has been a really important thing about my own identity.

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So how different forms from self-employment to employment and owning

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a company and paying dividends and so forth, have experimented with all of

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that as at the same time as uh, being interested in different kinds of things.

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So my entrepreneurial journey from when I was 18, I started a company

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that printed uh, T-shirts for sports clubs and school levers.

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Now culminates in its latest iteration in New Foundation Farms, an organization

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that sets out to be a disruptor enterprise in the UK agri food space.

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We believe that it's not good enough to continue the status

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quo in food and farming.

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It's a major contributor to many of the challenges on the ecological,

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economic and social fronts.

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And, uh, we've developed a model with which we might change that, at

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two ends, at least the production end and the distribution end, the

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interaction with the customer.

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Another way of describing myself is that I'm a serial entrepreneur

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who's walked, worked across technology education and agriculture.

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It, technology plays a huge role in particular, through the internet,

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as a platform for communication and commerce and information exchange.

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I learned HTML one in the very early days and contributed through a project

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in 1998 to put an educational platform online, what was powered by a database

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very early days, very clunky stuff.

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However that, that paved uh, situation for me that in almost every job I've had,

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the internet has played a significant role in addressing either commercial

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interests, informational exchange issues or communication problems.

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And in all projects, somehow all these areas overlapped.

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This is also a reason why I dropped out of university.

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The first time is that I created a platform called Wind Power Online.com.

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On the back of a research with a fellow student into vertical online marketplaces,

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for which at the time there was a sort of threshold, they needed X billion dollars

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of global turnover to be interesting, but the up and coming at the time was

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the whole world of renewable energy.

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So we thought, well, that's the future.

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Why don't we combine the internet with a platform for renewable energy

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and off we went and that opened my journey into venture capital, through

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my exposure to venture capital.

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I got involved with biotechnology projects, and it was in biotechnology

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that I had my first real sort of crisis I'd call it a quarterlife crisis.

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As sort of just millennials we were entitled to quarterlife crisis.

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And this was a real dilemma for me.

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It was the recognition that, and these projects all had a veneer.

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Of purpose, but ultimately the reality behind closed doors was absolutely

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ruthless, profit seeking and an engineering of a world that uh, that

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was designed for the maximization of ultimately personal profit.

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Working with other people was an a necessary evil on the way to

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one's own profit maximization.

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That's how I experienced it.

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And I struggled with that because I was interested in the purpose side.

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I recognized profit as a as business hygiene, as opposed to a goal in

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its end in its own in its own right.

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So I finished my degree with the Open University, because that allowed me to

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live my life in a way that I wanted to.

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Um, I studied philosophy religious studies and did a few business things

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on the side because of my interest in how people tick and why are they

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motivated to do the things they do?

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Uh, with hindsight I chose the wrong subjects, but that's,

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that was my motivation.

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But that finished.

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And then I ended up working in England for an organization called Riverford Farms.

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So this was a combination of technology, education and agriculture, where I was

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hired to set up the meat box scheme which at the time the business had already

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done a very good job of, uh, growing and selling by way of vegetable boxes, which,

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which is what a thing that Riverford pioneered and they had many franchisees

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across the country and the challenge was how do you take something as complicated

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as meat and deliver and, and roll that out at the same time into this network?

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So there was a scale an effort of scaling and that was required.

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And I brought my technological and managerial background and grew

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the meat box production around the vegetable box business and scaled

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that up, including all those supply chain issues of working with a small

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and large farms associated Riverford.

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I coded the software that ran the purpose-built facility, the meat

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processing site, and all sorts of other things and took it from five,

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uh, boxes a week to 5,000 boxes, by which time I needed a break.

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But that was my that was my real engagement with the industry in a business

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that to this day, absolutely committed to uh, organic as a way of life as a form

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of certification, as a business ethos.

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And that has also gone on to do things well beyond my involvement there with

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the employee ownership as a, as there are a number of businesses in the UK that

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have moved on to become employee owned, but Riverford is one, one of those.

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And that's a major role model for me and for New Foundation Farms

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in, in that particular aspect.

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But also without wanting to be critical of Riverford in my own journey in my

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engagement with the planet life and consumerism and so forth, I found

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that the organic paradigm is very well intended, but it lacks something.

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And there are different angles to talk about this, but essentially

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when you farm organic, this is no guarantee that you're actually

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having ecologically positive impact.

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What organic certification avoids is the routine use of pesticides and

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the routine use of fertilizer inputs.

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It doesn't mean that you don't use pesticides, it doesn't mean that

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you don't use fertilizer, and it certainly means that at the large

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scale, you do still use industrial methods, including heavy machinery.

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It's a, it's an engineering exercise, a logistics exercise, that uses the soil

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as a medium to grow food and fiber.

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And that means that the environmental impact in the bigger picture of

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things is certainly better than many industrial conventional approaches.

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However, ultimately it is not one that has the outcome of regeneration of soil.

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It has as its goal, the growing in, within the industrial paradigm

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of food and fiber in such a way that it doesn't use chemicals.

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And there are lots of people who grow organic, especially on a small

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scale who take this a lot further.

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But on the certification level, and that's the important thing, the

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standard setting organizations, they police the inputs not the outcomes.

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So this is this is in terms of my think evolution of my thinking, one

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of the big insights is that the way we quality assure the way, uh, we

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live within our society with means that may actually be counterproductive

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to the values that we espouse.

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So when I'm environmentally friendly, I've thought to myself, surely that must

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mean that I'm interested in the outcome of actual environmental impact as opposed

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to the particular ways in which I do that.

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Especially if the way in which I do that has a negative outcome.

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I found a solution to that in my ongoing research, in the thinking

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of many people outside of geography.

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Uh, far away, often south America, north Northern America, lots are

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going on in Australia with a 30 year drought crisis there and.

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Other areas.

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And often what you see the pattern is that people are challenged sometimes

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by both economic and ecological or sometimes just one of those

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factors that lead to innovation.

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And often are going back in time to how people have done things in the past.

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And this is the research aspect in me, the curiosity, I wanna know how was that done?

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How did people like Gabe Brown, Alan Savory, Richard Perkins, Ethan Solo.

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How did they come up with how, what was the journey they took?

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Gate brown is probably the big eye opener for me.

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He wrote a book called Dirt to Soil, in which he Chronicles his 30 year journey

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from uh, being the non-farming son-in-law of a farming family taking on the farm

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and then experiencing four years of absolute crisis with hail storms, with

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uh, drought followed by floods and always destroying his entire crop, meaning he

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was financially at a complete dead end.

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And instead of giving up, he went.

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And did a lot of research and trial and error and a 30 year journey followed

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to be one of the regenerative pioneers.

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And he's quite heavily featured in the film Kiss the Ground as a consequence.

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Mm-hmm

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So there there's, there's a probably many more things that I haven't now mentioned,

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but ultimately there's a, there's something going on in the background.

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Um, I've got questions.

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I'm looking into things and eventually this leads at an opportune moment in

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2019 to my co-founder Mark Drewell and me sitting down and in a series

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of conversations, ending up with agriculture as the key thing that we

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both have experience with and where we see a way of doing things differently,

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that isn't just a change of degrees, but that could be a category change

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for the way we engage with agriculture.

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And agriculture is at the end of the day, one of the key.

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Coal faces where humanity engages with nature.

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So the way we think about our relationship to nature and the way we then execute

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that relationship are really key.

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And the reason we called New Foundation Farms is because we imagine that such

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a way of doing agriculture could be a new foundation for our civilization.

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So it's as small and as big as that.

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Maybe actually it makes sense just to, uh, just to capture for a minute, this,

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so this idea that sort of organic, not necessarily the outcome of organic, not

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necessarily a kind of positive thing whilst the intent might be going in.

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And so the kind of difference to, I guess then the regenerative movement,

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uh, and obviously regenerative this regenerative that, kind of very

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kind of danger, I guess, of becoming a kind of buzzword of the moment.

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So essentially in its sort of simple terms, what you mean by

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that is out is a positive outcome.

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Is that what would be a simple way of understanding the regenerative idea?

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Yes.

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So, regenerative is many things and it is definitely a suitcase

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word that has already been adopted by many, many interests.

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What's really helpful though, instead of trying to come up with new words,

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which in fact I definitely tried at the beginning of this journey only to find

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that all words are somehow tainted and so what on, just on that I was involved

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as the main researcher and co-author of a report published by the UK based

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food farming and countryside commission.

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In November, 2020 we published a report called Farming Smarter, the

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Case for Agro Ecological Enterprise.

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And I had spent a whole chapter working through the different uses

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of the terms, agro, ecological, and regenerative, and my particular take.

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So this is me after a lot of reading and conversation and so forth.

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I I believe that what we're trying to achieve is to.

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Hit that sweet spot in the Venn diagram where we have social economic and

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ecological concerns overlapping, and the one approach to farming practices

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that has a real grasp of ecology as in the science of ecology that understands

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what is actually happening in the soil.

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How do interactions with plants, animals, and so forth work is regenerative

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agriculture that it has a history.

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It's a term that, that features in research.

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It emerges out the uh, epistemologically, it emerges out

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of con conservation agriculture.

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And it is if you want the commercial end of conservation agriculture,

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where we are concerned, not just about positive, ecological impact,

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but at the same time profitability.

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And the amazing thing about the regenerative paradigm

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is that we can be both.

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Economically positive, sorry, ecologically positive and economically profitable.

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And in, in a way that exceeds the current expectations in agriculture,

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in the subsidy funded regime by a multiple is it we expect farming to

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be hard and uh, not make you much.

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And with some exception that is true by and large, if we just look at the, uh,

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that this is an amazing opportunity, by the way, politically uh, for

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agriculture going through Brexit as we divorce from the EU and the common

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agricultural policy and the subsidy regime which does have a huge which has

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a responsibility for the way things are in agriculture, in Europe and the UK.

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So what in moving away from that it's time for innovation.

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And the innovation that's possible, and that we are demonstrating with New

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Foundation Farms is that you can farm profitably, significantly profitably

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without subsidy regimes, without environmental encouragement programs,

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and the, then the trick to that is effectively that biological diversity

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and the stacking of economic enterprises to use a technical term go hand in hand.

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So if you stack layers of biological activity from sub soil all the way through

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to what grows and how you graze and ti and get the timing, right, you can have a very

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high density of enterprises on the same land that, uh, previously we might have

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only given to one of those enterprises.

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And as a consequence, every every layer integrates in such a way that

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it may be product, but also input.

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And that means that you're reducing the inputs that you need to

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purchase because you're getting them from the ecosystem effect.

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It increases resilience as the more complex it gets, the more non-linear

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it becomes the more resilient it gets.

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And as a consequence, you end up with a, what we call a hyperverse

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range of produce, where previously you are operating a monoculture.

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This at the same time, when you then factor in quality

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premiums that might be available.

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But even without you are already in in the black, significantly so.

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And if you then innovate on your roots to market and sell things, not

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as commodities, but as food into your local regional market you suddenly

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find that the countryside rural enterprise can be regenerated as well.

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Imagine all those people moving back into the countryside and

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working for, uh, workplaces where you are treated as a knowledge

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worker, rather than as an operative.

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Where you are working more in a community kind of way, with all sorts of different

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ways of employment, self-employment models and so forth being exercised,

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and not only have the enterprises stacked on the land, you go from

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four, five employees per a thousand acres to over a hundred in our model.

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And so this, going back to the conversation you having with mark in

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2019, this is essentially the kind of fruit of that conversation, this epic

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endeavor that you are describing here with the kind of myriad benefits, the

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myriad profits, this is the kind of fruit of that, uh, of those conversations.

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Is that right?

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So, and so if you were gonna, if you were gonna the, uh, to borrow the awful phrase

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of the elevator pitch of new foundation farms, I mean, how do you describe its.

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What it's doing and what it's essence

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I'm terrible at elevator pitches because I always want to go into the detail

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and tell you all of that, which is why I'm the COO and not the CEO, but

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in essence, in investor conversations New Foundation Farms is a disruptor

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enterprise in the UK agri food space.

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And what that means is that we combine the latest knowledge in terms of

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production, but also in terms of direct to consumer marketing with finance, in

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order to create, uh, a, uh, a disruptor that's able to produce food and fiber

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of high quality profitably at scale.

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So, so the one thing just to break out of the elevator pitch, as we're now walking

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down the corridor, I've talked a lot about the production end of New Foundation Farm.

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So there's a farm and we're raising funds for a thousand acre farm.

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On a part of this farm, there may be a ban and that ban is now going to be

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repurposed as a processing and retail space of approximately 1000 square meters.

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And what that enables is that it suddenly goes from a, an

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organization that's got the production right, by being regenerative.

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That means it is regenerating the landscape within which it is

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based, and not just selling into the commodity market, but actually

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processing the food on site means more employees, more enterprises

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stacked on the same thousand acres.

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And then from the production space feeding into the retail

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space, which it's no better way than to smell and taste the food.

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Imagine the cafe restaurant imagine that this then becomes the basis

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of a logistics hub that distributes food by home delivery, direct to

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your doorstep within the region.

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And the word region is really important because we believe that long term food is

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going to go back to a bioregional model.

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Uh, we believe that the journeys for food shopping will by and large become shorter.

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We will be able to grow more greater diversity of food in the region.

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And instead of being dependent on the global food supply chain, we

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will be topping up our local food basket with the global supply chain,

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as opposed to being dependent on it.

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And that's for us in our view of looking ahead, 10, 20 years inevitable.

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And it's also desirable to have a greater food sovereignty

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as a, as an island nation.

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And so our model goes from developing a thousand acre farm

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to a 10,000 acre bio region.

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And then to multiplying that five or six times across the UK, helping other

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teams in other regions to establish the same kind of things, learning

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from all the mistakes and great things that we did on the first site.

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And, in rough numbers, it takes it from a thousand acres to 60,000

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acres as a combined enterprise.

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Right.

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I mean, that's, you know, the kind, the scale of it, the ambition of it is, you

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know, as also a kind of a fellow sort of entrepreneurial kinda interested kind of

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cultural your phrase again, which I keep keeping the cultural creative, which I

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think is a brilliant phrase, by the way.

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And one, I think, which really speaks to everybody who's

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is listening to the podcast.

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But the, you know, the, you know, that there is scale built into this, that

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there is ambition built into this, you know, into this kind of endeavor for

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me is like, is a really exciting thing.

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And you know, a really, cuz obviously we imagine certainly within sort of

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as an outsider, we imagine when people talk about scale and these kind of

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things within a food space, you know, it's images of intensive farming

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and uh, you know, the, and kind of monoculture and doing less and less of

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a thing, just of extrapolated at scale.

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And there's a really nice sort of counterweight, obviously

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to what you're talking about.

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Yeah, it's very great reflections.

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What part of the conversation Mark and I had, uh, we were both change

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agents in, but in very different ways market just published a book

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at the time called, Changing the World We Create that he co-authored.

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And one, one of the lessons from his work and our general conversations

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is that the world, our civilization is an institutionalized civilization.

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It means it leapfrogs from one, one form of institution to the next and the Bana

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model of change, which is a kind of a graph that shows how institutional life

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changes inevitably, but it, establishes a new normal and the graph looks a bit

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like two intertwined hockey sticks.

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And in between the two hockey sticks the decline of the old institution

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and the rise of the new, you have the need for transition and it's disruptor

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enterprises that Hassan the transition to the new institutional life.

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So what they do is they imagine how things will be in the future.

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And then they pivot an explore and parallel path.

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How are we gonna bring about, for example, renewable energy.

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And it was the combination or the tech was there for a long time.

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We had solar panels, we had wind turbines a long time ago, but it was the

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combination of major VC finance with this knowledge that suddenly supercharged the

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deployment of these things in big ways.

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And that got governments excited.

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And that's the same thing that moved us from landline telephony to mobile phones.

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And we see this happening in the way we do food.

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The way we grow it, the way we distribute it.

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Yeah.

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So, it's it the role then of the of the capital bringing partner, the money

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bringing partner in simple terms is the thing, cuz the kind of vision you have

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say of a kind of bio sort of regional existence, which of course sort of, you

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know, makes so much sense and then you think, okay, so what are the things that

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need to change to get from the world that we are today, which is obviously not like

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that to that kind of world as necessary and as opportun as that might be.

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And so you see you your role as disruptor enterprise, bringing in

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capital, bringing in that partnership as, you know, being both a kind of

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bridge and sparking other bridge.

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Yes.

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So the key observation is that there are so many hardworking, inspired often

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young people in the agricultural space working on small plots of land, home

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delivering a small number of boxes.

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And what we found is that the a lot of small doesn't necessarily add up to big.

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So when you look at the numbers for the UK, there were in 2018, there were

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217 agricultural businesses, meaning businesses, farming land the on, on

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about 20 million acres of land under agricultural management in the UK.

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So how are you going to get the institutional world that's made up

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of policymakers, banks, insurers all sorts of other organizations, how are

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you gonna get the attention of those?

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And ideally, also investors in this space?

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You've got to show that this isn't just the domain of the small holder.

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You've got to show that we can take care of food production at scale in this way.

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And one of the examples that's really astonishing is the Balbo

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group in Brazil, the origins of this business go back to the early 19

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hundreds, but especially under the leadership of Leon, Tina Balbo Jr.

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In starting in the 1980s, this especially this, uh, organization specialized on

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sugar production, which now controls 34% of the world's organic sugar.

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And it does so on 60,000 hectares of land, that is on the face of

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it, a mono crop sugar operation.

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But the way they do that is that they actually switch their model from growing

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sugar to caring for an ecosystem, looking after the ecosystem that also grows sugar.

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And then they innovated along the way and found better ways of harvesting that

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leaves the litter straight on the field.

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And then they started using the pulp.

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That's left over from sugar manufacture as a as the basis for a thermal power

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plant that now heats a that provides electricity for a city of 500,000 people.

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And what's left of that goes back on the field.

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It's totally circular.

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And the level of biodiversity on these farms exceeds 50% of the

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nearby Sao Paolo national park.

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And this is a monoculture on the face of it, a monoculture operation.

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So, so there are organ, there are examples around the world of which

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is, this is one of my favorites that show, this can be done at a huge scale.

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It's not the domain of the smaller holder.

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So where you are today, the extent to which where you are today is, uh,

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on the kind of, sort of same sort of vision of what you imagined it might be

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when you started a couple of years ago.

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You know, we know what it's like when we, uh, start and create sort of new

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ventures or we take on a new project, they assume a life of their own.

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I'm curious about the journey you're on and the extent to which you are in the

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place you thought you would be, or what surprising terms have come your way.

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Really good question.

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I wanna paraphrase this or preface this by something that I've recently

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become to realize, which is that I don't I used to think that I create

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things and I now come to realize that actually I, at best I am privileged

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to be part of channeling things.

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So the question is, am I standing in the right channel?

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Is this the way the future is gonna hit the present moment?

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And that's exactly, as you say, sometimes we find that we're gonna,

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we have to adjust the model or the model has a life of its own.

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New people join the conversation and so forth.

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And so this year we've actually as an organization gone through a very

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interesting experience if that's the right word for being on this

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rollercoaster of go being out in the market for some six months as a team,

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we had over 500 meetings with over 100 investors across the spectrum from

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social impact investors, through VCs and, uh, institutional investors, banks, et

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cetera, from all sorts of geographies.

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And by and large, the problem for us was not opening the door.

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They are very interested.

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They know this is where things are going.

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The problem for us was more that it was difficult for these organizations

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to take a model of the complexity that we had in an institutional world that

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likes things to be more controllable and simpler and commit money to it.

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So at an individual level, generally this was all good.

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It was at the level of the decision making committee at the investment

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committee that, uh, things seem to get.

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So we had large commitments in total of about a quarter of our

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investment are so that's 5 million of 20 million, but we didn't have what

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you could call an anchor investor.

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We didn't have an, uh, an investor that brought both a large amount of

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money to the table and the ability to do due diligence and put their name

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behind this, that would've then drawn everybody else to, through to completion.

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So at this point we felt that maybe we were just ahead of our

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time and that we needed to find a different way of doing this.

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And we did what probably was the wisest thing of all.

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We first took a break.

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And then in that break, things started to settle.

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Things naturally rearranged themselves in our thinking,

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and we came back together to.

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Uh, to articulate a refinement of that thinking.

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And that was around this question, when you're an entrepreneur, what is it that

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actually creates something out of nothing?

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Where does the quantum jump in your work happen?

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And as a consequence, we were able to articulate that our model is it has a

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kernel and from that kernel, it radiates out in concentric circles that make

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the impact of this bigger and bigger, but it doesn't change the fact that

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at the center of this is one key idea.

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And that key idea we articulated as being a systems integrator.

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That means we can work with all the innovation that's happening on lots

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of the spokes of this wheel, and we can integrate them into a hub.

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And when they come together in a hub that is able to take advantage

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of all the minute effects that the they have individually, it suddenly

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supercharges this to an enormous.

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And out from there, you have the possibility to operate land, to incubate

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other businesses and to be a landowner.

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So this was a really important articulation for us.

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And we were just about to go to market with this new articulation, asking

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for a lot less money to come to to, to start this idea from the systems systems

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integrator point and founding a a food hub together with other businesses

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when we were approached by a major global investment uh, organization, an

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institutional investor that had back in April, May, picked up a series of

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podcasts that we put out about our organization on Koen van Seijen's podcast,

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Investing in Regenerative Agriculture.

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And they said, we really like what you are doing.

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And this year we've gone through a re-articulation of our values.

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And you won't be surprised to, to hear that sustainability

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comes before everything else.

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So we're looking for projects that can spearhead the development of two things.

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Firstly, we need to offset carbon and we see that possibility

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exists in what you're doing.

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But we also see that there's a new asset class in development, an asset

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class or regenerative enterprise.

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And that is what we're interested in as the future that we're seeing.

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So conversations are underway very early stage, and I'm not privileged to

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say anymore about it at this point, but what it emphasizes is the unforeseeable

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nature of the entrepreneurial journey.

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And how, as an entrepreneur, you are actually not just yourself and it's

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not just your own conscious effort.

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You are somebody who sits at the edge of something and you attract

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other people into the conversation and it may take them some time to get

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their head around what you're saying.

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And maybe one, one thing there is that at this time is a bit like a pressure cooker.

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I think that the COVID pandemic, the climate change we've undergone the Zoom

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conversations that we've all been through.

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And this realization that something has to change or contribute to this.

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And it's a, I don't want to use the word younger because it's also

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a function of age, but there's a generation in these institutions that

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is now somehow empowered to go out and experiment at the margins with how

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institutions might change from within.

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And that.

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also the kind of innovation that's led to this conversation we're now having.

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There's somebody who's thought about this thought, how does

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this work with my organization?

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How do these projects around the world do this and how, where's the overlap?

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How are we gonna come together?

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Really

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important aspect that I totally overlooked.

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And to be honest, also dismissed.

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Yeah.

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So which bit did you overlook and dismiss?

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I, I was less optimistic by the, by, by the summer about the possibility of

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institutional large global investment companies getting behind this.

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Because up until that point, it seemed to me as though there was a need for

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these to be invested in very large scale projects that were repeating something

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that had already been tried and tested.

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So there's obviously loads in there I'd really like to, uh, go towards these.

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I'm really curious, like what the sort of the investment house, you know, where

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they, what their interest, what they understand regenerative enterprise to be.

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Maybe we can come back to that.

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The other thing, which would really sort of struck what you're talking

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about, which I guess is, uh, a little bit kind of playing on the language of

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what you're talking about, but you are in recording those podcast, there's a

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kind of an element of planting seeds.

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Aren't there, there's throwing seeds to the wind.

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Uh, and you don't really know when those seeds are gonna take hold or where

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those seeds will find their way to, but the importance of, you know, actively

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contributing, actively sharing, because like you say, the entrepreneurial journey

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will take, you know, I like you talked to you about the kind of channeling of it.

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And actually all we can do is engage with it sort of optimistically,

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curiously, positively constructively.

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And you know, that is a kind of a sewing of seeds.

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Isn't it.

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And then who knows where the seeds come back to.

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I really appreciate your use of the word seed as a metaphor here as it's actually

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something that came to me in September when I found myself on my own quest,

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not quite knowing how to take things forward, ended up going on a pilgrimage

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in Italy with 11 other leaders from different walks of life, and under the

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leadership of Sujit Ravindran I was walking from a small Lakeside village

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in Italy to the cathedral of Asisi.

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And on the journey, sujit posed this riddle to me.

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And he said that my, my farming idea, this idea of regenerative farming,

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maybe I should look at it as a a seed, and a seed he said, can be a

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tree and it can also be bird food.

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And I wrestled because I didn't want it to be bird food, right?

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But then I suddenly recognized that there was a whole lot more to this,

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that the creative gesture of a tree that gives totally freely of all the seeds.

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We know the abundance of forests around us, and we also

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know the abundance of birds.

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And so there's actually plenty.

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And that's precisely what he was on about is that in the ecosystem something

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happens then that, that can only happen when we just surrender to it.

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And that's, that's what I experienced here is that's suddenly the conversation

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came back to us when we least expected it.

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So, so in, in just to take this articulation to an extreme, it's a

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little as though we surrendered our idea, whatever was gonna happen to it.

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We were no longer attached to a particular outcome and it was parti

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precisely then that as though that was an invitation and now we could receive

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this conversation in a way that we wouldn't have been able to before.

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And it wasn't the soil wasn't ready.

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So that, that process, right, which obviously in talking is very easily

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described, I'm gonna surrender the idea, you know, what will be, you

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know, and, uh, I'm not gonna be sort of attached, of course is obviously

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much kind of harder in practice.

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Was your kind of ability to do that, is that linked to kind of slightly

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throwaway line you used earlier about the kind of, we took a break.

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I was really curious what taking a break meant.

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What did you do?

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What was your taking a break?

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Yeah, taking a break was for me personally, and that has gotta

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be really clear here that I think these journeys are personal.

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So in the team, it would've been worked out in different ways by different people.

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But I articulated for myself that I needed to accept that this hadn't

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worked in the way we had hoped by the date we had set ourselves.

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And I had to go personally through a process that I would describe as grieving.

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Having invested so much time and energy in all these conversations, all

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the preparation, all the emails, all the decks, all the, everything that

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goes into that, all the managing your family in the background with that and

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that the rollercoaster your family is on, the hopes, the expectations, the

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disappointments, the constant attachment to a future idea and a future idea, and

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another pivot, I just had to totally step out of that and watch it from the

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outside, and I have this experience of it it not having worked and that,

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that was a great sadness that, that would I would say that, that made me

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depressed in in, so in clinical terms you would call that a depression, but

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I'm not it's not the first time that I've been at a juncture like that.

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And so the benefit of a, a life experience is that I've come to a place

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where I know at this point is not to continue with the same old, not just

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to reappear in the office again, it's you need to do something different.

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You need to nurture the source, the creative energy inside you.

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And as I did that, as I went for, as I went for walks, as I went for swimming

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adventures, as I went on camping uh, trips along the Devon coast, I I found

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this energy rekindling and I found that the distance ha was reconnecting

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me to the project in a creative way that made me feel alive again.

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And it's that it's, that's the reason I started it in the first place.

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Because I arrived at the conclusion that well, so what, you know,

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this is still the major problem.

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We, this nothing has changed.

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What we have to do is think about how we're going to make it happen anyway.

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And just, I cuz I'm really keen on this, how this kind of process happens when,

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so in going for walks in going for swims, spending time on the kind of glorious

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Devon coast and all of that sort of thing.

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Was there, had you, you know, was there an agreement among the team?

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Look, we're just putting this down, we'll reconvene in a month's time or something?

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Or was there just an awareness that something needed to change?

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I guess what I'm curious about the, the formality of the kind of

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the break period and the kind of accepting acknowledging of the process.

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Yes.

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So there was at first so if you want, we did put in place protocols

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of how this was going to happen.

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And even those protocols of disintegration as it were, they, they also pivoted quite

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interesting because we were ready to do go different paths at different times.

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So what happened if you want, at the end of this period, was that we had two of

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our team of five, namely Wayne and Kirsty step back in, in that they had from the

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executive team in that they had other projects they were engaged in or other

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needs that they needed to take care of.

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And they did so.

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Wayne went back to Royal agricultural university and continued the

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second year of his masters and been doing a few other projects.

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And Kirsty's become the global VP marketing at a

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unrelated organization, Speedo.

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And Paul, Mark and myself we thought also that we were headed for a dissolution.

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But then we just re we ended up having a few conversations, a few walks together.

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And the the outcome of which was that we, are now the executive

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team, Mark in the role of CEO.

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I, in the role of COO and Paul in the role of CFO.

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That's the reorganization of the executive team that's taking

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this forward at this point.

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You said you sort of assumed you were heading towards these,

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uh, uh, dissolving essentially.

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Uh, and whether that actually is the thing, which then created that, that

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assumption, this is where it's going, is the thing which allowed the kind of,

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uh, when invited the grief and kind of invited the opportunity for it to go.

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So, so there was a kind of active, conscious actually

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that is dying, that that

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Yeah, I do.

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And I do think that death is not a bad term.

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I do think that there's a cycle of life and death or rebirth in ways that

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what apart from it being an ecological phenomenon I think that it, also,

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so in the creative journey is that sometimes we have to accept the life

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that something has in and of itself.

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And however we attach however attached we are the attachment

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isn't going to make it happen.

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And it's the surrender actually comes in letting go of the attachment.

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And the real mastery is of being able to feel the thing fully and yet being

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non-attached I'm still learning that.

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But so, so this, at this point, at this particular juncture of my life, I was able

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to let go, and in that letting go of my attachment, I found myself reconnected.

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And I would say the project has, it is a different project.

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And yet it's also clear that it is the same project.

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Yeah.

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I mean, I could do hours of podcast just on this point, because I think this

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inability to let things go, which I is a massive practice for me, you know,

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trying to learn how to let things go to create space for new things to go.

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And of course, we sort of see this then, you know, in playing out badly in the work

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of so many companies and so much about how we sort of exist is actually an in

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inability to let things go to let things

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Yes, it's rationalism taken to the absurd.

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We live in a world that believes that it can control the outcome of things.

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And that works as long as the actual outcome is there, but we don't acknowledge

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that there is so much more that we don't control that contributes to it.

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This is a very slippery slope in terms of the conversation, but I it's often not

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talked about and often shied away from, but I think these this creative journey

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as an entrepreneur, being someone who is actually creative is really important.

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Because it, the passion for this comes from, in my case, from my

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concern for something that is greater.

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So I consider myself as being in service of something that I find quite

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hard to express, and on my LinkedIn profile, I say something about, uh,

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better society and planetary viability.

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Th those are a bit sort of systems thinking ways of articulating something

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that's much more comp complex than that.

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It's about the interwoven of all.

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And that we all have a decision to make with every act that we perform

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as to whether we want to contribute to degeneration or to regeneration.

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I've that reminds me.

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I was listening to an interview that, uh, Paul Hawkin with his talking about

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his recent book regeneration, and just actually articulated in a very sort

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of similar way to that actually we, at the end of it, we all then have a

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choice in what we choose to do today.

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What we choose to buy, what we choose our companies to do, actually, do I want this

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act, this endeavor, this effort to be one which ultimately sort of, uh, generates

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life or one, which takes away life.

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Uh, and I think it's a kind of, it's a sort of start and useful

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It is.

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And yet there's also immediately the danger again, of the

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attachment to a particular outcome.

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And that, however hard that one is, I do feel that in my engagement I have

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to accept that firstly I may be wrong and secondly, that the way I choose to

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do it however, noble, the intent may be wrong and there's a lot to learn.

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So the stepping away from the immediate attachment actually

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helps me do what I'm doing better.

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And because it's not about the doing it's the doing is like the execution

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of the higher level intuition of how I am engaged with the world around me.

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And it's the openness to that that I ultimately That I'm ultimately powered by.

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So this is why something had to die.

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What had to die was that this part in the summer, this particular way

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of bringing it about was not working.

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And it didn't mean that the idea or the the creative impulse was wrong.

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And it's the stuckness between the rigidity of my thinking at the

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time, and the potential flexibility that I had to rediscover, that's

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that's what I needed to shed.

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That's that was the skin I needed to shed.

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Yeah.

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It kind one an idea, which I sort of explored in writing and talking is

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one, this idea of creative destruction.

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Cause you know, it's just, the dying bit is the invitation to living bit.

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Uh, and you know, I think the anything which helps us on that kind of practice,

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you know, and just at least remembering the importance of that just feels.

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Kind of just really important to me, uh, potentially worthy

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again of a whole new podcast.

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It's one, one thing I just sort of pick up on, uh, that you referenced.

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So you were talking about the kind of institutional, the potential institutional

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partner that had bubbled up through, uh, having caught one of the seeds or caught

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some of the seeds that you'd thrown.

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And you were talking about, you know, some of the work that was happening on the kind

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of periphery there and an interest they have, uh, using the phrase this, they had

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an interest in regenerative enterprise and curious, you know, maybe this is a

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kind of good segue into, uh, into that side of the conversation when, I mean,

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so is regenerative enterprise, the phrase that they used or was that what you, how

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you described what their interest was?

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Uh, I, I would say that the concerns can be expressed in different language.

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Some organizations express how they work on a visionary basis

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and others may express what they do on a functional basis.

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And we know sort of Simon Sinek's uh, the, how the why and the what ideas.

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So in this, in these conversations I would say that there are different

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levels at work at the same time.

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It is visionary.

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It is exploratory.

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It is in recognition that new things need to dev be developed.

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And it is also in recognition that we are at a time of transition.

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Meaning there are already things we can do now, carbon

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sequestration is, is one of them.

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And there's a lot to be said about carbon sequestraion, but it

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is one thing that we can now do.

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And the, this whole thing comes together in a in a way that is

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more aligned with the ecosystem and society than business and at scale

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has maybe operated in the past.

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And so, and one way of articulating this that I've done in previously is that if

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you look at this fascination with ESG as an investment class I, I so slightly

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overstretching the point, but to just, but to tease out what I mean is essentially

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it's possible for a business to put profit first and then use some of the profit

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to buy ecological and social impact, and then be classed as an, as a high

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impact ESG, even if the profit initially may not have been derived from actions

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that were as ecologically or socially responsible as they could have been.

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So that's while I'm sure many people would take umbrage with such a perspective,

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I do think that this puzzle piece approach is how some organizations do

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it, especially when they find themselves wrestling with major need for change.

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So, you buy in the benefit essentially.

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So, so what the extreme end, the extreme other end of this is what I

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imagine regenerative enterprise to be.

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This is that all the actions and all the outcomes and all the consideration for all

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the things that we might impact has led to an arrangement of the business and its

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operations in such a way that they they maximize the potential for regeneration.

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Now there's a, there's an economist called James Quilligan who pointed out

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to me that Regenera those obsessed with regeneration often miss the fact that our

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economic system takes advantage of aspects of the ecology that are not renewable.

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to be really, uh, full about this economic theory, that it is, we have to take into

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account that there are things that when we use them we can't recycle them, we

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can't make them again, they're gone.

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So in, in our economic thinking, we have to think about that too.

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But to get to, to not get too distracted with all the potential

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pitfalls, the idea of regeneration in this way affects the ecology.

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It affects the economy and it affects uh, society.

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The idea is that we can regenerate, for example, the countryside.

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We can regenerate the countryside as, uh, a place where we live and

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work and the amount of money that is there and the account amount of money

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that may be available for education and healthcare in these areas.

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And that the jobs people have are more fulfilling and more meaningful

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that generally this increases the sense of purpose that humans have.

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And that is all too off neglected.

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Then we can think about the economy in a wider sense.

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How does this contribute to more economic activity or a greater density of economic

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activity in a particular area with its benefits for the whole elsewhere.

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And then we can think about how all of that is stacked ultimately on

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the one resource, we don't think about enough, which is essentially

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the ecosystem for which we often use this metaphor of the planet.

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We're not so good about thinking about the immediate locality of ecology.

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We seem to be much better at thinking about sort of global abstract terms, like

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save the whales or stop air pollution.

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We find it very difficult to think about what we can do right.

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Immediately under our feet.

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And a regenerative enterprise in my way of thinking about it is one that hits

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the ground with all its activities in such a way that it produces, uh, in

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our case regenerative or regenerating soil, but you could also talk about

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regenerating oceans or rivers or river beds, depending on what the acid is

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that you're ultimately embedded in.

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Not to overstretch all these metaphors, but this is the point where

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the metaphor actually is a uh, is literal is a, it's a literal reality.

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And I believe that there is an unfolding possible here or an

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overlap, a complete overlap of an economy that is based in an ecology.

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Surprisingly, that's not how our economy functions today.

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so, so we talk that one, one analysis talks about planetary boundaries.

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Uh, what it essentially means is that our our moral or our imperative growth

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imperative in the economy doesn't take into account that we have a finite planet,

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but by finite planet, we also we don't really know that's an abstract notion.

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What it means is that a particular context has a particular

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organization of resources.

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It has a particular amount of resources like rainfall or sunlight or minerals.

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And what we can do with a regenerative enterprise.

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In now I'm talking about engaging with that ecosystem

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directly to grow food and fiber.

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And my the idea is that an regenerative enterprise must be based on the

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stewardship of ecosystem health and that healthy ecosystem also produces food.

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And from the examples I've seen, I am persuaded that when we do that,

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right, not only will we produce more food and higher yields, but we will

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produce inevitably a much larger variety of food, uh, within that yield.

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So there's a greater yield per area of a part, any particular food, but

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at the same time a greater sum total of the varieties we're growing because

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we grow them in an integrated way.

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So that, that, that is.

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And when you do that, you are at the same time looking after all sorts of

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things that in our economic language are called ecosystem services.

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So we're talking about the sequestration of carbon, which is

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a side effect of healthy soils.

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We're talking about water quality improvements, drought and flood

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resilience, which is again, a side effect of healthier soils.

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One gram of healthy soil absorbs nine grams of water.

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It acts like this fridge for the ecosystem and it releases the water slowly.

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And if you're not putting chemicals in, you're using natural inputs in in

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cycles and protocols that are in sync with the way it happens in nature,

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you, you suddenly have a system that has all sorts of externalities that

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are positive rather than negative.

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And all of this comes together to the idea of a regenerative enterprise.

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So if I'm listening to this and I think, well, I'm not in the business

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of food, so it's not relevant to me.

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I mean, is that true or is that not true?

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Well it's, I think it's not true, but we're, let's go through

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some of the nuances of this.

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But let me start with a conversation with an Australia based asset management

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company, one of the really big ones.

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We had a conversation with them and they said the 30 year drought in

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Australia has made us realize one thing.

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Every single business activity has to be.

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You have to take the sum total of the entire economy and you have to

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bring it back down to whether it is contributing to a regenerative

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ecosystem to regenerating soils or not.

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And we cannot invest in anything we cannot afford to invest in anything

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that is not cannot show that hasn't articulated its impact and shown

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that it is ultimately regenerative.

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I, I thought that was very inspired.

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So based on that statement I think humans are all too ready to assume

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that they live in a in a sort of urban context, that's divorced from nature.

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And it's anything but.

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We have we, in fact we a better word is culture.

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Humans live in cultures and cultures need to be looked after.

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And we are recognizing more and more how fragile these cultures

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are that we've built up along the side of rivers or on sea fronts.

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Nuclear power disasters, uh, global warming, all sorts of things

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are gradually having an effect.

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And we're finding that the fortresses we've built are actually quite weak,

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and they have a negative impact.

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And just to introduce some more concepts here we, our economy currently

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thinks in stocks, or another way of putting that it thinks in piles.

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So we've got a pile of this, a pile of wealth, a pile of some resource,

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but we struggle to think in flows.

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Nature works in flows, ecosystems work in flows.

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A pile somewhere can be very good for the ego.

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It's very satisfying to have a pile of money or a pile or

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full a warehouse full of stuff.

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The problem is that as soon as there's the pile, a buildup of something in

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nature, we usually have a problem.

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We have a problem of non distribution, which can be which can be terrible,

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but it could also be as it could be disturbing over a small amount of time.

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So disturbance, when it's impactful over a short space of time can actually lead

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to greater resilience, but human human accumulations, human stocks are generally

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of a kind that they have a polluting effect and the toxicity is long term.

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So I think anything from the way we flush the toilets how much water goes down the

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toilet, the kind of toilet paper we use, the toothbrushes we use, the shopping

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bags we use, where we go shopping the food miles, what vehicle we take to this?

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Do we really have to have this meeting in person?

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Can we not do it digitally?

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Who pays, which source of power powers my computer?

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There are so many nuances and layers that ultimately all have an ecosystem impact.

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And what I'm offering here is a level of awareness, not a level of doing anything

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better, just be really clear, right?

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I'm surrendering my sense that I know how to deal with all of this.

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I'm simply at the point of having an awareness of all the things we aren't

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considering, and we ought to consider.

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I guess.

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So in a sense that's the invitation to everyone listening is as an invitation

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to reflect, an invitation, to sort of get their own kind of levels of

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understanding and awareness about what the kind of external impacts of their

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business of their activities are, to start to understand the flow and the

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connection between what's, between what

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Yeah.

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And I'd like to connect this to an, uh, an earlier aspect of our conversation

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where we're talking about audit regimes in relationship to organic.

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So, so once again, without wanting this to be a criticism, but wanting

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to reflect on a practice and recognize its shortcomings, the audit regimes

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and quality assurance regime regimes that are civilization depends on are by

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and large, what's called input audits.

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They don't assess the outcome of so.

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They assess what we put into something.

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And then we have the assumption that we, if we leave something out

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like chemicals and pesticides, that it's ne inevitably healthier and

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inevitably more ecologically friendly.

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And we now know that's not yet the case, so there is more work to be done.

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We that my, my, thought was connecting this to, well,

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how can we do it differently?

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The first thing I said at the time was that let's focus on outcomes.

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That doesn't mean that the inputs don't matter, but it's the ingredients and

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the recipe together that looks at how have we actually increased biological

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diversity is the effluent from this farm.

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Does it really contain a fewer minerals?

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Is the carbon actually sequestering?.

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Does the soil run off when it rains?

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Those kind of questions are quite relevant.

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So how do we then get to a place where we've improved on that?

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That, that requires an understanding of the factors at work, in an ecosystem.

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But the point I was trying to get to here is that maybe we're

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a bit too hard on ourselves.

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This is an enormous project that we're trying to stem.

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We're trying to stem an enormous tide.

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So our articulation is that when we're trying to be

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regenerative, we're on a journey.

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This isn't about a hurdle rate after which once we've achieved, that we just continue

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doing the same believing that it's right, because we passed some kind of a hurdle.

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Rather, we see this as a journey of continuous improvement.

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Anybody, wherever they are can orientate themselves in the regenerative direction,

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wherever you are, you can start now.

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And you can do make tiny adjustments, adjustments that you are able to manage

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with all the time pressures, with the shopping habits, with the budgets, with

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the time you've got with the conversations you can have with your family.

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They don't have to be onerous and unachievable because that's

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the best recipe to start off very enthusiastically and then find

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yourself not getting very far at all.

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It's got to be fun.

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And you've got to notice that actually you can have an impact.

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So the it's fun is maybe the, not the right word, but rewarding.

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The reward comes from it being achievable as well as from it having an impact.

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So when we start looking at a regenerative direction and decide

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that we're gonna put the momentum that we can in that direction,

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that's our belief, our articulation.

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Then we are beginning the regenerative journey.

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This is not an invitation to keep it at a low level.

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It is an invitation to start at a low level and see that actually

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in, especially in business, your input costs start to go down.

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It's rewarding to have greater profitability to find that your

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farm is more resilient to pest to pests all out of itself.

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These, there are so many benefits attached to this that each farmer on their own

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land will discover in their own way.

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Every household, every so we can break this down into all

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the fractals of our society.

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But your question was is, does this just apply to farming or

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does it apply to other aspects?

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And my answer is I think this is an issue of our civilization, everything

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we do, New Foundation Farms.

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It's a new foundation, as in the idea is it's a new

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foundation for our civilization.

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So one of the other things that I was really interested in, which heard

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you speaking about before, and you touched on earlier, I think, uh,

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coming out of the the, uh, this kind of the relationship between kind of

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the ideas of employee benefit and how that might uh, sort of be an expression

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too, of these, uh, more resilient ideas, uh, more regenerative ideas.

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And so is that another way that, uh, these regenerative ideas are

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turning up in New Foundation Farms?

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You've heard me talk about.

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Creativity and that being the source for my own work, but also my

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belief that in a way we all channel something from an inarticulable source

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that we don't control or create.

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Although we often believe we do.

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I believe that values value system can be reflected in the way we work

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together as organizations as well.

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And one of the things that we've been exploring at New Foundation Farms

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is how we might reward everybody who works for and with New Foundation

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Farms in a way that allows them to benefit from its profitability.

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So I when I started my working life, I had a very uneasy relationship with profit.

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I somehow, despite the fact that I wanted some of it, I

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also felt it was a dirty thing.

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I now recognize that ecosystems depend 100% in each layer on profitability.

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That is it's a hygiene factor.

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When something works well, it produces a profit and then that becomes

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the seed bed of another layer.

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So in New Foundation Farms we not only will have many more employees who, so

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a much higher density of employees per area of farmland, we also will have

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these employees participating in the profitability of the organization.

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And for me, that comes with a change of value and a change of culture to

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people who have responsibility for their area of work, rather than that, they

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are operatives that have a standing operating procedure that they need to

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perform and then they will be evaluated.

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The reason why there are areas where that might make sense for somebody to

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operate in that way, that is a question of the outcome of the job, not of

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the need to control an organization at every level, from the top down.

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So, and just to, to just to illustrate why this is important, not just as

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a value system, that's desirable and that we all might want to work like

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that, rather it makes sense when you consider that when you're working with

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an ecosystem, every ecosystem is unique.

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Working in a regenerative way is something that is context specific.

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And the journey of finding out about the context never ends, because

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the context actually changes.

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So when you're going through an ongoing evolution in the extreme cases of

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regenerative agriculture, you'll find that the landscape you're operating in

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changes every year on the basis that you are regenerating the landscape.

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We are used to agriculture in simplified landscapes, where we put a huge

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amount of destructive energy into keeping them at a very simple level.

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When we operate with an ecosystem towards its potential, it's gonna change.

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And the change will have an impact.

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It's a non-linear logic.

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And that requires everybody involved to work with the full apparatus of our

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sensory instruments that we can bring to the table and be a part of this.

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And you what, what that means is you become a knowledge worker.

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You are bringing yourself to bear with your knowledge and as valued, and that

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means that you've got an opportunity to innovate .And job satisfaction.

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I believe comes from many things, including the a variety of different

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tasks, the connection of input to output, so if people are connected to the profit

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share there, that is a way of the overall team effort being rewarded when everybody

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is innovated profitably together.

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And the, third thing is control over my domain.

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So there's a we currently generally expect people to perform to a job description.

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What that, uh, does do, is it excludes the potential for me

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to innovate within that job.

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And, while there are limitations to everything I've just said, the

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limitations should be dictated by the outcome in service of the overall gen

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um, organization, as opposed to my management style, because it suits my ego.

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And so essentially what we're talking about is roles defined by

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outcome, not roles defined by tasks.

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In, and I believe that humans independent of their level of schooling,

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when it is invited, have a thirst.

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Uh, and inquisitive nature that want they are good.

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We are naturally good at connecting to other people.

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And in fact, the landscape around us when we are when we are invited to do so.

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And that that is a journey, there will be many mistakes made and maybe I'll have

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to revise my statement, but that is the belief with which I'm going into this.

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Yeah.

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And I mean, I, yeah, it would be a belief I share.

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And I guess one, a fourth point I would add to your three in terms of the kind

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of the human response is, which is, uh, touched on what you just said.

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There, there is a wish to learn and a wish to develop.

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Uh, and of course, you know, if we have that impact output,

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we have a feeling of agency.

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We have a feeling of being valued and being connected to outcome.

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And we have an environment, a culture, which, you know,

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is of richer by me learning.

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And I appreciate that.

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Of course, then there is a kind of dynam in there, which, you

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know, has to talk to, who we are.

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Absolutely agree.

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And I believe this word agency that you've just used is very key.

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We are, by and large held hostage by a situation that the natural agency on

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authority we carry is often educated out of us for, with the best of intent.

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But unfortunately it has the side effect that we are not able to celebrate

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ourselves as creative beings, and we depend on the authority of other people

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to lead our lives according to this or that latest diet, as opposed to finding

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what the diet is in all possible ways.

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That is the right one for us.

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Yeah, absolutely.

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So, I guess, one thing I sort of would like to just to explore before we kind

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of finish, and it would be great to revisit a lot of these things as your

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journey unfolds, which would be good to follow the, this, the, how the, in

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your developing conversations with the possible institutional investor partner,

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how is profit being discussed in that?

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I mean, have you got that far down the road?

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How is profit coming up in, uh, in these conversations with

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investors you might do with it?

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I I, we are in the early stages of working out an agreement, and

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I really need to be vague to allow as much creativity as possible.

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I would say that obviously there's an assumption that we will be profitable and

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a lot of attention is being given to the fact that we've made claims around this

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form of agriculture and working within the agri food system is more profitable.

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And there's also a recognition that there's a connection, although it's

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not a necessary connection between the profitability and the ecosystem

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services that this impacts on.

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So, so those things are being recognized as part of the

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understanding of what a regenerative enterprise is in this conversation.

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And I'm really pleased about this institutional interest in, in, in this,

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because it's such a positive sign.

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And have you I know sort of cooperative is a loaded word, but just the kind of

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principles of involving everybody in the journey, uh, whether that's understood

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cooperatively, whether that's understood as kind of employee ownership, those

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kind of ideas are those principles and ideas, which, uh, through all of the

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conversations you had with institutional partners were respected and acknowledged

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and likely to remain on the table, or is that something which, uh, you were sensing

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sort of conflict and, uncertainty around?

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would say it's a really good question.

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And yes, cooperative is a loaded term, but there are in certainly in agriculture,

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many very good examples of cooperatives serving a very good outcome in terms

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of uh, or running a complex business.

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So, so I don't see that I don't see the term or the history

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of cooperative as a hurdle.

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I I think the main issue for us in our analysis of land ownership was not that

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you had to own the land, but that given the mindset that we were working into

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at the moment the, fastest um, that the greatest impact in the shortest

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possible time is guaranteed if you own the land, if you own and control

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the land that you are also working on, and that once that's demonstrated

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at scale, you can explore others.

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I mean, ultimately the, in terms of the structural conversations we've,

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uh, learned much about, it's more important that we consider a some kind

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of a split between the land holding and the operations on the land and

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how they, so I, I think that overall as a society, we still see that, we

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still see somehow that the management of land is tied to the ownership.

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I think that actually the commons was a great idea and it was and the

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mindset that removed the commons was a short, very shortsighted one.

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It was personal gain over collective benefit.

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But how exactly that translates into a business model I couldn't tell you yet.

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I can say that there are early examples of landowners experimenting with bringing

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lots of different people that run different, but integrated enterprises

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on the same land together in this way that I described as vertically stacking.

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And that is definitely something that's central to the New Foundation Farms model.

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So, so it's whether you are an employee or whether you're, self-employed what

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matters beyond that what's more important is what impact or what outcome, the.

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Integration of all of these activities has.

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I think for me, these ideas are all so interesting because

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they talk to resilience.

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They've talked to adaptability, they talk to creativity and, you know,

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in that sort of classic sort of, you know, I was thinking about how our

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listeners may come to these ideas.

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I'm really interested in the idea that actually the way they might come

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to these ideas is because, you know, all entrepreneur, all businesses,

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they're looking for resilience.

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They're looking for ways we were talking, you know, before the podcast

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about how kind of business schools teach the illusion of control,

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teach the illusion of management and how we can do all of those things.

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And of course, that's also talks to a human nature.

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We try to make order, we try to make predictability out of things.

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And to the extent of that kinda is possible or not possible, you know,

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it is also true that when you are of running an organization, you are keen

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to do the things which increase the likelihood of that organization, that

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idea gaining traction in it's surviving, and I think any ideas which led with,

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you know, which talk to resilience, which talk to adaptability, which talk to of

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fostering our own creativity, have to increase the likelihood of that happening.

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And I think everything that it feels to me, everything that you are trying to

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do with New Foundation Farms and all the ideas that you are talking to actually

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talk to that, and that's the kind of really interesting thing to my mind in

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a way that might help these ideas become even more accessible to more people.

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Absolutely.

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I couldn't agree more.

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And it's such a shame that we've run out of time because there's a whole

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host of management frameworks that have been developed elsewhere in the world

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that really allow a day to day operation of an organization in a way that is

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non-linear while at the same time builds knowledge, et cetera in, in, holistic

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ways that we generally find ourselves not schooled in until we look for them.

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Right.

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So that is the invitation, because that alone is another whole area I'd be

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really keen to get into some of those frameworks, some of those perspectives

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that will help people engage with that.

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Yeah, just to, I mean, just two things I can drop in there as, and the world

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of permaculture and the world of holistic management as pioneered by

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Alan Savory and the Savory Institute.

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Bit of a Marmite phrase, if I'm permitted to say that a savory also

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has people who do not agree with him.

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But if you, again, if you look at the outcomes of his work in, across the

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globe at the regeneration of landscapes, through grazing approaches you, you'll

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see that the grass really is taller where a holistic management hasn't

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been applied than where it hasn't.

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So there's something intrinsic to the management framework that is able to.

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On to, to operate as a form of action research and for the outcome of the

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action research to inform management decisions that, that and people have

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spent decades thinking about this stuff.

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And uh, gradually we're hearing more about this kind of thing in the mainstream.

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fantastic.

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Marcus, thank you so much for your time.

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Contribution, energy insight.

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It's really inspiring to hear, uh, and I'm sort of hugely

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appreciative of you taking the time

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Yeah, absolutely.

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The pleasure is mine.

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Ben really enjoyed this call.

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Really enjoyed your questions and it's not felt like a podcast

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interview, but more like, uh, uh, conversations of like-minded people.

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Thank you so much.

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Thank you for listening.

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I hope you enjoyed that conversation with Marcus.

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Uh, if you like what we're doing and you like the sound of these

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conversations, of course, go to the website to check out the others.

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Uh, if you search up Buddha on the board.com and look for

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peripheral thinking, you'll find everything that we do there.

Speaker:

And of course, if you like it, or you didn't even like it, whatever

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it may be, feel free to share it.

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Uh, that is the lifeblood of what we're trying to do here is

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getting these conversations out to anybody who would benefit.

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So if there's anyone, you know, who would benefit, please feel

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free to share until next time.

Speaker:

Thanks.

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