The Crop Diversity Endowment Fund has largely been built with donations from national governments, and they will continue to be the primary source of funding in the foreseeable future.
Expanding the donor universe will focus on developed economies which are established funders in the fields of agriculture, food and nutrition, economic development, climate change and related public goods themes. An expansion of the donor base will also target selected major emerging economies, primarily among the Group of 20 countries.
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.
Funding for the Endowment Fund has traditionally been 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.
The Crop Trust received its first concessional loan in October 2017, a €50 million loan from the German Development Bank (KfW). With a 15-year duration, the €50 million concessional loan will temporarily increase the current value of the endowment, which in turn will generate a higher annual return, allowing the Crop Trust to continue its works towards safeguarding on of the most important global public goods.
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 an 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 efforts at the political level leading to the inclusion of “genetic diversity of seeds” into the United Nations Sustainable Development Goals:
Goal 2. End hunger, achieve food security and improved nutrition, and promote sustainable agriculture:
By 2020 maintain the genetic diversity of seeds, cultivated plants and farmed and domesticated animals and their related wild species, including through soundly managed and diversified seed and plant banks at the national, regional and international levels, and promote access to and fair and equitable sharing of benefits arising from the utilization of genetic resources and associated traditional knowledge, as internationally agreed.