My Lords, I am grateful to my noble friend the Minister for this Genetic Technology (Precision Breeding) Bill, which has driven me to speak for the first time. I will begin by expressing my thanks, first to noble Lords from all parts of the House who have gone out of their way to introduce themselves with great warmth and encouragement, and, secondly, to the doorkeepers, clerks and staff, who have been generous in their welcome and unfailingly helpful with advice and directions.
This Bill is a natural place for my maiden speech, as it is a subject on which I have a little knowledge and in which I declare an interest. I grew up on a dairy farm in Devon. In 2015, we restructured the farm to move away from high yield and high input to a more
regenerative, lower-yielding system. The results have been positive for animal health and longevity, working conditions, soil health and profitability.
My family have been Members of this House or the other place for the last seven generations. We arrived in the United Kingdom in the 18th century as an immigrant Jewish family with Portuguese roots. Our prior background was in trade and finance, which we continued and became landowners and politicians. I have followed in that tradition despite the dilution of that genetic inheritance over two centuries of imprecise breeding.
I hope that there are areas other than agriculture where I may make some contribution. I have worked within financial services for the last 30 years as an investor in companies across the technology, manufacturing and commodity industries. I hope this gives some perspective on where this country’s threats and opportunities lie now and in future. I was also a designated senior manager, as defined by the Financial Conduct Authority, and so have experience of the City’s regulatory environment.
For the last four to five years, every meeting with senior management of companies around the world included a discussion of their emissions reduction strategy. The evidence of increasing atmospheric carbon and consequential global warming is irrefutable. While we cannot know with certainty how much the world will warm, or even what the precise outcomes will be, a substantial part of that forecast range could have severely negative consequences for our species. We have a responsibility to take action to reduce and remove those possibilities. My own response has been to focus on large-scale afforestation and to cofound a global trading platform for not just carbon offsets but all aspects of natural capital. As much as 25% of the required global reduction in atmospheric carbon can come from re-evaluating land use, and I am playing an active role in that.
That brings me to the genetic technology Bill. This legislation enables faster development of a technology that will deliver valuable benefits. Greater food security is the ultimate prize. That in turn will allow us to focus more on rebuilding the stock of carbon that has been released from harvested forests, damaged peatland and degraded soils.
Global food consumption has grown at close to 1% per annum for several decades, on a broadly static amount of farmed land. Those demands have been met through technology. The largest contributor is the selective breeding of crops and animals to enhance desirable traits and eliminate harmful ones. This Bill encourages the acceleration of the rate at which and the precision with which we can focus on the traits we desire and will allow for less land to be used in agriculture.
If I look to my own herds, were all my cows blessed with similar genetic traits to my best cow, I could raise my milk output by 23%, without material change to land use or carbon emissions. While we breed every year to increase the prevalence of those best traits in our herd, it is an imprecise and slow iterative process. Precision breeding offers the potential for others to help us accelerate that process dramatically, using DNA that is already present within the species.
Prioritising animal welfare is central to any livestock farming business. We care about our animals and also know that no livestock farming system can be successful without putting animal welfare first. Standards of animal welfare in the United Kingdom are already among the highest in the world, and this Bill introduces a process for additional safeguards on declaration and ongoing monitoring to address others’ concerns. That makes this country one of the most suitable globally for pursuing precision-breeding technology.
It has been an honour to have had the chance to contribute to this debate. I look forward to making further contributions to the House’s work, hopefully with less trepidation in future.
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