Pull Mechanisms for Overcoming Market Failures in the Agriculture Sector
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World Bank, Washington, DC
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After the food crises of 2007-2008
and the growing realization that donor resources were not
sufficient to meet global agricultural development
challenges, the AgResults initiative was launched at the
June 2012 G20 Summit in Los Cabos, Mexico as an innovation
to boost private sector engagement in meeting these
challenges. AgResults initiative comprised of seven pilot
projects that incentivize the private sector to develop and
deliver innovative products to smallholder farmers in
settings where markets for these products are otherwise
underdeveloped. Each pilot provides financial incentives to
the private sector actors to encourage them to enter the
market, but the incentives are paid only after they achieve
predefined results. This Knowledge Note reflects the initial
findings from the external evaluator’s ongoing research to
evaluate the pilots. The authors conclude by identifying the
critical steps involved in design of a pull mechanism.
Throughout, the authors draw on examples from the AgResults
On-Farm Storage pilot in Kenya to illustrate their guidance.
Palabras clave
AGRICULTURE, MANAGEMENT, FINANCE, GROWTH, POLICY