WASHINGTON, DC (October 14, 2020) – The Supporters of Agricultural Research (SoAR) Foundation released The Payoff to Investing in CGIAR Research report,coauthored by Julian M. Alston, University of California, Davis; Philip G. Pardey, University of Minnesota; and Xudong Rao, North Dakota State University today. SoAR commissioned this work to examine the benefit-cost ratio of CGIAR investments. Formerly called the Consultative Group on International Agricultural Research, CGIAR is the world’s largest global agricultural research network. The report found that CGIAR investments of roughly $60 billion in present value terms has generated a benefit-cost ratio of 10 to 1 over the past five decades.
“This work by esteemed economists exemplifies the continued need for increased investment in agricultural research across the globe,” said Thomas Grumbly, president of SoAR. “Farmers everywhere need new innovations to be able to adapt to the effects of climate change, while still feeding their communities and the world.”
Read more on the report here