Accounting for Natural Capital on Farms

The Port Phillip & Westernport CMA, in partnership with Landcare Australia, is undertaking a six month pilot project trialling the Level 3 Accounting for Nature and Landcare methods.

Accounting for Nature is a series of accredited assessment methods to measure the condition of environmental assets (such as native vegetation and soils) on farms at a property scale. They are designed to ensure the integrity and transparency of environmental accounts.

A Level 3 entry into the Accounting for Nature methods can assist farmers go on to develop Level 1 accounts which may in future be registered under carbon and biodiversity stewardship payment schemes. It is also an opportunity for farms to demonstrate evidence-based eco-credentials and attract supply chain premiums.

Project activities

Introductory events

The project is being delivered through a series of face-to-face and online events. Two introductory events were held in February and March 2021.

The March event was a webinar; the recording and presentations can be viewed below.



Small group farm walks

The project is supporting a number of farming and Landcare groups in the region to host small group farm walks focused on Account for Nature methods.

At the walks, participants can start to collate their reference benchmarking data and see a demonstration on collecting the field measurements and photo points for measuring current condition of the area chosen for assessment.

Upcoming small group farm walks:

  • Bass Coast Landcare – Friday 18th June (time TBC)

If you would like more information on these events, or your Landcare group is interested in hosting a small group farm walk that demonstrates the native vegetation method, please email

Discuss the project on the Landcarer platform

Landcare Australia have created a page on their online Landcarer platform for this project. This is a shared space where project updates can be shared and discussed.

You need to register for the Landcarer platform in order to gain access

Join the Landcarer platform at

Request to join our natural capital project at (only accessible once registered and logged in).

If you need help joining the group, email

Funding acknowledgement

This project is  supported by PPWCMA through funding from the Australian Government’s National Landcare Program and Lord Mayor’s Charitable Foundation through the Eldon & Anne Foote Trust.

Related information