Governments will continue to be the primary source of funding for the Crop Diversity Endowment Fund of the Crop Trust in the foreseeable future.
The Fundraising Strategy calls for a fair opportunity sharing arrangement of world governments to finance Phase 1 of the Endowment Fund, with an endowment target of USD 500 million. To that effect, an international pledging conference will be held in 2016.
The Crop Trust will work with current donor countries for additional contributions to the endowment and will also approach many new donor countries to form a global coalition of supporting nations for global crop diversity conservation.
The world is amazingly interdependent on crop diversity. All countries rely on crop diversity that is found and originated in countries in other parts of the world. Check out the interactive map to see how crop diversity is of great importance to absolutely all countries. This interdependence is the reason why every country should support the Crop Trust in efforts to conserve and make available crop diversity, forever.
To offer guidance, each country’s suggested financing share will be calculated depending on a country’s economic capacity to contribute, based on the size of an economy and its relative wealth. Emphasis will be placed on broadening the range of donor countries, including traditional donors as well as emerging market economies that are active in contributing towards international development efforts and global public policy issues.
Funding for the Endowment Fund will normally be through grant resources from donors. Alternatively, some countries may prefer to provide very long-term, interest-free loans, enabling the Crop Trust to generate and use annual investment income for its core mission. Such concessional loans could be partially or fully forgiven by the donor at maturity, provided that the economic circumstances of the donor country permit that. Other options for funding include matching grants, offering the donor financial leverage and an added incentive to contribute to the Endowment Fund.
Supporting the Endowment Fund is a one-off, environmental impact investment, generating annual social and economic returns far into the future. Any government donation will allow access to the governance structure of the Crop Trust through an invitation to the Donors’ Council.
The Crop Trust is recognized as an essential element of the Funding Strategy of the Plant Treaty. The Crop Trust already receives strong political support from governments worldwide, with our recent efforts at the political level leading to the inclusion of “genetic diversity of seeds” into the proposed United Nations Sustainable Development Goals:
Proposed goal 2. End hunger, achieve food security and improved nutrition, and promote sustainable agriculture
2.5 by 2020 maintain genetic diversity of seeds, cultivated plants, farmed and domesticated animals and their related wild species, including through soundly managed and diversified seed and plant banks at national, regional and international levels, and ensure access to and fair and equitable sharing of benefits arising from the utilization of genetic resources and associated traditional knowledge as internationally agreed.