The Government has just issued its response to the Rock Review, the report of the Tenancy Working Group which was established in January 2022 to consider farm tenants’ access to environmental schemes and markets in England. The group made 74 recommendations to Defra, and the Government’s 95-page response has now been issued. Jeremy Moody, secretary and adviser to the CAAV, sets out the key points, and considers what they mean for the tenanted sector and natural capital markets in the coming years.