AgResults is a $122 million multi-donor, multi-lateral initiative incentivizing and rewarding high-impact agricultural innovations that promote global food security, health, and nutrition through the design and implementation of pull mechanism pilots.
AgResults originated at the June 2010 G20 Summit in Toronto, when a group of G20 leaders committed to explore innovative, results-based methods of leveraging private sector innovation to increase agricultural productivity and food security in developing countries. Two years later, at the G20 Summit in Los Cabos Mexico, the governments of Australia, Canada, the United Kingdom, and the United States, in partnership with the Bill & Melinda Gates Foundation pledged $118 million to establish AgResults through a Financial Intermediary Fund operated by the World Bank. In 2016, the Department of the Foreign Affairs and Trade (DFAT) in Australia, pledged an additional US $4 million, making the total AgResults Fund $122 million.
By using pull mechanisms, AgResults extends beyond traditional aid measures to promote the adoption of innovative technologies with high-yield development impact. The objectives of AgResults are to:
1. Overcome market failures impeding agricultural innovations by offering results-based economic incentives (known as “pull” mechanisms) to competing private actors for the adoption of new agricultural technologies; and to
2. Test the effectiveness and efficiency of pull financing in comparison with traditional approaches to the promotion and adoption of innovative agricultural technologies.