IDH has set up a Soy Fast Track Fund with the goal to 'upscale and accelerate' responsible soy production and trade. The Soy Fast Track Fund will leverage investments of producers, processors and/or buyers to increase volumes of responsible soy in the coming years. The driving mechanism is to match private investments to a maximum of 50%.
These private investments can be additional costs of purchase of sustainable material or investments in (e.g.) good agricultural practices training. IDH has signed a contract with Solidaridad, which is going to act as project manager of the Soy Fast Track Fund.
Projects can be proposed by supply chain actors. Solidaridad Latin America, which will manage the fund, can help supply chain actors to define relevant projects. The Fund will match investments that are intended to stimulate the production of RTRS Certified Soy. The results of a GAP analysis facilitated by IDH early 2011 will be guiding as to what measures can be financed.
The IDH news announcement on the Soy Fast Track Fund can be found via: www.idhsustainabletrade.com/news/soy-fast-track-fund-started
For information about the full IDH soy program please click here: www.idhsustainabletrade.com/soja-program