Tell us about the social impact of your innovation. Please include both numbers and stories as evidence of this impact
We have calculated a 9x Social Return on Investment (SROI) without accounting for social returns that we cannot yet quantify pending further research.
When priced at $3.20 per pound of rice, $1.09 of that price will have a direct social return.
Among the benefits harder to quantify over a short term, Rural Returns will in its first and second year benefit 135 farmers and their families, directly moving an estimated 520 people permanently above the poverty line. Extending this dividend to all of Sri Lanka’s farming communities could help prevent the causes of as many as 1800 suicide attempts a year - a chronic problem in agricultural areas where the seasonal nature and inherent riskiness of agriculture takes a heavy toll on families.
In quantifiable dollar figures, Rural Returns will afford farmers’ families additional revenues of over $3 million over five years, guaranteed to yield significant secondary benefits in health, education and community welfare.
Farmers will in addition receive proper remuneration for their own labor, worth more than another $22,000. Milling and other ancillary activities supported by a rejuvenated industry will inject another $340,000 while direct additional farm labor will be worth $24,000. The government will save between $133,000 and $171,000 in subsidies thanks to our farmers switching to organic farming.
Rural Returns' Sri Lankan Heirloom rices are naturally Gluten-free and lower in carbohydrates and higher in proteins, fiber and iron. In the U.S., Rural Returns products, in their modest volumes, price-pegged to mid-range market prices, will save U.S. Celiac Disease sufferers more than $44,000 over buying premium gluten-free foods, and will save U.S. diabetics over $1 million over buying premium foods with a low Glycemic Index.
Other major presently un-quantified benefits include potentially massive savings in water usage and corresponding methane emissions when cultivation is performed under the sustainable SRI method.
Finally, Rural Returns would have also helped the sustainable preservation of an ancient, environmentally sound way of life, and prevented the complete disappearance of valuable, exotic varieties of rice.