Your SlideShare is downloading. ×
WorldFish Experiences and Perspectives - Impact investing in small-scale aquaculture enterprise
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×

Saving this for later?

Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime - even offline.

Text the download link to your phone

Standard text messaging rates apply

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

2,627
views

Published on

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

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


0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
2,627
On Slideshare
0
From Embeds
0
Number of Embeds
7
Actions
Shares
0
Downloads
12
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. Impact investing in small-scale aquacultureenterprise – WorldFish experiences and perspectivesMalcolm Beveridge, Michael Phillips and Wayne Rogers
  • 2. Overview•  Investment case•  Project examples•  Lessons learned•  Ways forward
  • 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. 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. 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. 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. Analyzing “project” investments
  • 8. Approach•  Diagnosis•  Participatory improvement –  Technology & management –  Organizational –  Local technical assistance –  Partnerships•  Scaling up•  Social, economic and environmental outcomes
  • 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. 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. Environmental outcomes Aceh India Bangladesh Solomon IslandsProductivity ↑   ↑   ↑   ↑  Disease risks ↓   ↓   ↓  Chemicals ↓   ↓  Fish in fish out ↓  Water use ↓   ↓  Habitats ↑   ↑  (mangroves)
  • 12. Combined approaches required OrganizaNon al  “glue”   Technology   Market   and   links  to   management   consumers   for   producNvity   and  inputs   Working   Infrastructure   capital   investment  
  • 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. M.Beveridge@cgiar.orgM.Phillips@cgiar.orgwww.worldfishcenter.orgAcknowledgements – Resource Legacy Fund, GIZ and FAO/Allfish