Impact investing in small-scale aquacultureenterprise – WorldFish experiences and perspectivesMalcolm Beveridge, Michael P...
Overview•    Investment case•    Project examples•    Lessons learned•    Ways forward
.. the case for finance                              120                                                                   ...
the case for small enterprise…                      •  Large numbers of small-scale                         household farm...
the case for environment …                                       •  Aquaculture can be                                    ...
Opportunities andchallenges•  Opportunities for impact•  Challenges   –  How to reach large      numbers of farmers?   –  ...
Analyzing “project” investments
Approach•  Diagnosis•  Participatory improvement   –  Technology & management   –  Organizational   –  Local technical ass...
Returns to “project” can be significant, but it       takes time       •  Patient capital...Aceh                           ...
Intermediary organizations are important•  Collaborative arrangements   such as cooperatives, farmer   groups•  Reduce tra...
Environmental outcomes                  Aceh      India      Bangladesh Solomon                                           ...
Combined approaches required                      OrganizaNon                       al	  “glue”	                          ...
Conclusions•  Small-scale sector is   significant•  Outcomes – business,   environment, social•  Business case•  Business ...
M.Beveridge@cgiar.orgM.Phillips@cgiar.orgwww.worldfishcenter.orgAcknowledgements – Resource Legacy Fund, GIZ and FAO/Allfish...
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WorldFish Experiences and Perspectives - Impact investing in small-scale aquaculture enterprise

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Presented by Malcolm Beveridge and Michael Phillips from WorldFish at the Seafood Summit 2012 in Hong Kong, 7 September, 2012.

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WorldFish Experiences and Perspectives - Impact investing in small-scale aquaculture enterprise

  1. 1. Impact investing in small-scale aquacultureenterprise – WorldFish experiences and perspectivesMalcolm Beveridge, Michael Phillips and Wayne Rogers
  2. 2. Overview•  Investment case•  Project examples•  Lessons learned•  Ways forward
  3. 3. .. the case for finance 120 •  Another 50 millions tonnes by 2030? Growing fisheries (0.7% per annum) Stagnant fisheries 100 •  Another US$50 billion inProduction (million tonnes) • Global  consumption  rises  to  22.5   kg/y capital and annual operational 80 • Global  consumption    remains  at investment? 1996   levels  (15.6   kg/y) 60 –  from where? Fish 40 •Technological  advances  in  aquaculture 20 •Baseline  scenario •Ecological  collapse  of  fisheries 1950 1960 1970 1980 1990 2000 2010 2020 2030 Year Ye (1999) IFPRI (2003) FAO (2004) Wijkstrom (2003)
  4. 4. the case for small enterprise… •  Large numbers of small-scale household farms in developing countries •  Improvements targeting the majority (not minority) •  SMEs are drivers of growth in developing countries •  Investment choices impact people Small enterprises Medium and large enterprises
  5. 5. the case for environment … •  Aquaculture can be environmentally sound source of food •  Considerable improvements possible with current systems •  Small vs large approach •  Inclusive approach for sector sustainability •  Investment pathways and choices make a difference source: Hall et al. (2011)
  6. 6. Opportunities andchallenges•  Opportunities for impact•  Challenges –  How to reach large numbers of farmers? –  Weak institutional environment –  Business models –  Investment mechanisms•  Easier to work with large business!
  7. 7. Analyzing “project” investments
  8. 8. Approach•  Diagnosis•  Participatory improvement –  Technology & management –  Organizational –  Local technical assistance –  Partnerships•  Scaling up•  Social, economic and environmental outcomes
  9. 9. Returns to “project” can be significant, but it takes time •  Patient capital...Aceh India revenue  from  all    5,100,000     farmers  (USD$2.39m)    4,800,000     Revenue   net  profit  from  all    4,500,000     generated  -­‐  total   farmers  (USD$1.44m)    4,200,000     $8,884,444   project  investments    3,900,000     (USD$1.90m)   Net  profit  2,000,000    3,600,000     generated  -­‐  total  1,800,000    3,300,000     $3,524,444    3,000,000    1,600,000    2,700,000    1,400,000    2,400,000    1,200,000    2,100,000      1,800,000    1,000,000    1,500,000     800,000    1,200,000     600,000    900,000      600,000     400,000    300,000     200,000    -­‐         0   Baseline   2002   2003   2004   2005   2006   2007   2008   2009   2010   (2001   survey)  
  10. 10. Intermediary organizations are important•  Collaborative arrangements such as cooperatives, farmer groups•  Reduce transaction costs and economies of scale•  Capacity building takes time•  Sustained by business not project•  Opportunities to network and build scale
  11. 11. Environmental outcomes Aceh India Bangladesh Solomon IslandsProductivity ↑   ↑   ↑   ↑  Disease risks ↓   ↓   ↓  Chemicals ↓   ↓  Fish in fish out ↓  Water use ↓   ↓  Habitats ↑   ↑  (mangroves)
  12. 12. Combined approaches required OrganizaNon al  “glue”   Technology   Market   and   links  to   management   consumers   for   producNvity   and  inputs   Working   Infrastructure   capital   investment  
  13. 13. Conclusions•  Small-scale sector is significant•  Outcomes – business, environment, social•  Business case•  Business model – intermediaries or cooperative models, collective action•  Think business, not projects•  Mix of partners and finance•  Role for “patient capital”
  14. 14. M.Beveridge@cgiar.orgM.Phillips@cgiar.orgwww.worldfishcenter.orgAcknowledgements – Resource Legacy Fund, GIZ and FAO/Allfish  

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