Team: Programs | Commitment: Consultant | Location: Washington DC
STTA: Post-Monetization Study
Position: Post-Monetization Study Consultant
Project: MOCA Côte d’Ivoire
Place of Performance: Washington, D.C. / Cote D’Ivoire
Period of Performance: 5/15/2019 – 7/15/2019 (dependent upon date the of sale)
Reporting to: Marc Steen, CoP
The Food Assistance Division (FAD) of the United States Department of Agriculture’s (USDA) Foreign Agricultural Service (FAS) will fund development activities in the countries of Cote d’Ivoire, 2017. The Maximizing Opportunities in Cacao Activity in Cote D’Ivoire project will be implemented by CNFA. These activities will be supported by proceeds realized from the local market sale (monetization) of U.S. agricultural commodities donated to implementing partners that have been awarded Food for Progress (FFPr) grants.
Before monetization occurred, a pre-monetization market analysis was conducted to comply with federal regulations that mandate against the displacement of normal commercial imports and disincentives to domestic production, while also requiring the availability of adequate storage facilities in the recipient country.
The primary objective of this study is to complete a post-monetization assessments to document the effects of monetization in Cote D’Ivoire and to determine whether monetization sales caused any adverse market impacts. Adverse impacts may include: displacing commercial trade and discouraging local food production. The assessments will be conducted by independent, third-party evaluators.
The evaluators will conduct in-depth assessments of the impact of monetization on Cote D’Ivoire’s local economy, including both desk-based and in-country studies. Data should be collected from both primary and secondary sources of information, and the assessment should use a mixed-methods approach that applies qualitative and quantitative techniques and triangulates information from different methods to enhance the reliability of the findings.
Outside of third party evaluation, USDA expects implementing partners to regularly monitor markets as part of their standard practices to understand their operating environment. Monitoring markets during project implementation could include identifying any unduly negative effects attributable to monetization, as well as tracking and recording local prices at regular intervals and at relevant marketing points (please see price/time series data template below). This data will be made available to the evaluator.
The assessment will answer the following questions:
•To what extent did monetization affect local production and consumption in the short- (few months after monetization), medium-(marketing year1 after monetization), and long-term (subsequent marketing year)?
•To what extent did monetization displace commercial trade in the short- medium-, and long-term?
•Are there any substitute commodities for the selected commodity? If so, did the monetization of the selected commodity impact production/marketing of substitute commodities?
•Was the timing and volume of the sale appropriate?
•Did sales occur as intended or was there a lag because of unforeseen conditions in the market?
•What were the initial PVO estimates for price and quantity? What were the actual prices and quantities of the commodities sold?
•To what extent was in-country storage utilization affected?
•Was the transportation infrastructure affected?
•Were buying patterns of local and international actors affected? If so, what was the magnitude and length of the change?
•Was there an effect on prices? If so at what level?
•What happened to local and international prices during this time period? (Sudden change higher or lower that was unusual)?
•Do price fluctuations follow global/regional patterns?
•Were there any other market factors that could have impacted prices during that time? (For example, adverse weather affecting production, the one corn processor had their mill damaged/prolonged power outage and stopped buying corn (which may cause lower local prices for farmers), etc.)
•Market information that would be helpful to discuss in the analysis would include the following:
•Market context – how the commodity is produced, consumed/processed, traded, marketed generally in the context of this particular country/region. This would also include a discussion of relevant country policies and regulations that impact the market dynamics of the commodity. Prices (in country- (ideally farm gate prices if the commodity or substitute commodity is produced locally, prices where the commodity is being used) and international) –if prices are in the local currency, there should be some discussion as to what is happening to the currency vs the U.S. dollar over the time period.
•Commodity supply and demand balance sheet for a few years prior and current year (i.e. similar to USDA’s PSD or Production, Supply, and Distribution) for the commodity and country. Evaluators may use USDA PSD balance sheets for a commodity and country if they are available. USDA PSD estimates should be cross checked with local market analysts and discrepancies should be noted and discussed in the Market Assessment. A supply and demand balance sheet includes estimates for the following and balances (i.e. Supply equals Demand):
Beginning Stocks (this is different than storage capacity )
Production (including estimates of acreage planted and harvested AND yield)
Consumption (human, for feeding animals (if applicable), residual)
•An example data collection table will be provided to the evaluator as a starting point.
The substance of, findings, and recommendations with respect to the above mentioned tasks shall be delivered by the consultant as the following deliverables:
•An outline for the study and presentation of the proposed methodology for data collection.
•Final Report explaining the impact of monetization on local economy including all above points of interest.
•Coordinate any required local data collection with full time MOCA monitoring and evaluation staff.
Expected Due Dates
The final report will be submitted 1 year after the completion of the monetization. Surveillance of relevant data will be done periodically throughout the monetization process and analyzed collectively 1 year after the completion of the last sale.
MOCA is looking for a research firm/ consultant lead/ or team of consultants with the following qualifications:
•Experience with market analysis, collection of economic data on internationally traded commodities
•Experience conducting market evaluations