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Benchmarking in the rural sector [Electronic resource]

By: Contributor(s): Language: English Series: RICS InsightPublication details: London, Royal Institution of Chartered Surveyors, April 2022Edition: 1stISBN:
  • 9781783214570
Subject(s): Online resources: Summary: This Insight paper provides a holistic overview of benchmarking, its applicability to the rural sector and provides an insight into available tools and what some in the sector are currently measuring and benchmarking with some real-life case study examples. Preliminary research for this Insight paper indicates that the current use of benchmarking tools is inconsistent across the rural sector. One of the key findings of the paper itself highlights the clear need for some consistency in benchmarking performance of rural estates and rural land-based businesses, which often have a diverse range of assets and income streams, coupled with diverse ownership motives, which RICS will be further exploring.
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This Insight paper provides a holistic overview of benchmarking, its applicability to the rural sector and provides an insight into available tools and what some in the sector are currently measuring and benchmarking with some real-life case study examples. Preliminary research for this Insight paper indicates that the current use of benchmarking tools is inconsistent across the rural sector. One of the key findings of the paper itself highlights the clear need for some consistency in benchmarking performance of rural estates and rural land-based businesses, which often have a diverse range of assets and income streams, coupled with diverse ownership motives, which RICS will be further exploring.