A 'stranded asset' in the Azores. Remote and peripheral areas may find a shift in diets particularly challenging.
As consumers shift to plant based diets for a variety of reasons, livestock are likely to become 'stranded assets', something that has implications for the decisions made by farmers and also public policy. Professor Alan Matthews reviews an important contribution to this debate: https://capreform.eu/dealing-with-stranded-assets-in-the-green-transition/
In particular, there are implications for the green transition. Matthews comments: 'Obviously, eliminating subsidies that might encourage farmers to invest in assets that could become potentially stranded should be a first priority. High stranded asset exposure, especially in bovine, pig meat and dairy systems, may delay EU dietary and climate action by increasing political resistance or financial vulnerability among producers. The paper argues for targeted policy support to farmers who want to adjust their farm businesses and possibly compensation for those who are unable to adjust.'
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