 And then we're hoping to still have at least some time to answer any questions that may come from the audience. So I'd like to start that the Global Rights Alliance partnership is the CGR Research Program, the CRP, or some of you may have heard the name mega-program used before. So we call us now the CRP under the Thematics Area 3 on Sustainable Corporate Activity Increase for Global Food Security of the new Sparachian Results framework of the CGR. It is an evolving alliance led by IRI as the leading institution, but with Africa Rise and SEALT as other CGR institutions. CRP, IRI, from France and jacuz from Japan as other strategic partners who have international rights research, money as well or activities on a global scale. And it involves present and as you can see later, already hundreds of different research and development partners worldwide. I'd like to start not to scare you, but briefly explain what a consortium research or CGR research program is. For those of you who have not been so much involved in the CGR change process that has happened in the last one and a half or two years, this is a summary of how the new structure of the CGR would look like. So we have on one side the consortium of the CGR centers as a new legal entity which is in the process of obtaining the status of an international organization and the consultant board chair is with us today. So it has its own consultant board, CEO and an office which will be in Montpellier in France. On the right side you see on the left in your case, on the right, the CGR fund representing the donors with their own fund council and the fund office in Washington. Research in the CGR will be driven by the strategy and adults framework that documents undergoing another round of revision and hopefully be completed by January. And the implementing components of the SRF will be these CRPs, these CGR research programs. There are at the moment 15 of these CRPs under development and the one on price systems or GIST together with one on climate change were the first two that have been approved to go forward just last week at the fund council meeting in Washington. So in many ways these two programs set the stage, they provide a model, they are very different in nature one much more focused on a major commodity and its production systems the other one much more focused on a major global theme and going across many different farming systems and environments. So CGR centres will participate in these different programs and partners will have hopefully an increasing level of involvement in the design and implementation of these activities but with that also come increasing responsibilities of the partners. So they also need to contribute indirectly, co-invest, align their activities and resources with these new global programs. The reason why GIST was chosen as one of the first ones, actually the very first one to be developed and go forward is probably because of the fundamentally different or fundamentally very important role of price as the most important food crop for human consumption. Many countries, particularly in Asia but also some in Africa and Latin America rice in terms of caloric supply is by far the most important food crop. It is also the primary source of nutrition for the largest number of poor people in the world about 560 million people in the world depend on rice as the primary food staple and as you can see from this graph this is followed by wheat and then many other crops and other commodities with a smaller share. So it is a very important crop and the third reason is also the crop that is grown through the widest range of environment and production systems. Here is an example of the rice ecologies in Latin America anywhere from the temperate regions in southern Brazil and Argentina all the way to the tropical regions and uplands you can grow rice and it is the same like this in Africa and in Asia. So very unique crop, very unique production systems, very important crop in the global nutrition food security, health and even economy picture. So we know that the rice demand will continue to increase. Those of you who have attended the rice policy investment forum have seen much more detailed presentations. We don't know exactly what will happen after about 10 years but we know that at least the next 10 years we need to produce each year at least about 8 million tons of rice, more crop rice. We know that the harvest area, the land area that is net effect available for rice will not substantially grow beyond the 155 to 160 million hectares that we have and that means year grows need to be in the range of 1.2 to 1.5% per year over the next 10 years and more so in Africa where demand is rising faster and probably even more so in parts of Latin America where we still import rice too. After that year grows rates can probably come down a little bit but what fundamentally has to change is the way rice is grown. We have a high environmental footprint that ranges from water to general carbon footprint so we need to adapt these systems to climate change but also produce rice in the future with less tillage, less water, less labour, less pesticides and generally more efficient use of inputs such as nutrients and we need to have these systems more resilient to also cope with the changes in the environment and that will also require smarter people to implement those changes not just scientists but also farmers, extension workers these are all activities that we try to address in the global rice and crop partnership Our entry point is that if we want to change the way rice is grown and at the same time meet the rising demand we must raise system productivity for rice based cropping or farming systems and at the same time achieve that also with an increase in the efficiency of inputs and an improvement in the resilience. If that is possible then we enable increased food security and nutrition health encourage farmers through increased income to diversify their systems and therefore also raise incomes even more which then enables them also to invest more into sustainable management practices and therefore also have reduction in the environmental footprint This is the virtual circle that we want to achieve and it has the core of rice as a production system oriented research program We have chosen in this risk more business-like approach in terms of how we structure and want to implement the global rice research agenda We have six research for development themes that address three strategic objectives that are part of the strategy and results framework of the new ZJR and then these are operationalized these six themes in the form of 26 global and regional research and development product lines which are families of actual products and deliverable goods and each of those has a set of activities with clear milestones and we have at the moment in this first five-year plan a total of 94 products that then also have a specific update prospects towards impact. Now product in our sense is not just a material good like a new variety or something else it is also scientific discovery or piece of information that can be beneficial to have impact in many ways In addition to the product-oriented R&D structure we have or we want to accelerate the investments in new discoveries new frontiers research will have to be supported by a less respective way of doing research. We want to go back to more exploratory work that really tackles some of the big challenges where big breakthroughs could be made but will also take a lot more time to have been accomplished. So we have five-year strategic assessment as the underlying mechanism to identify and gradually and continuously update and refine our priorities we presented some preliminary work on this this morning we will have a five-year work and business plan the initial funding level that we are targeting is about $100 million per year through different sources of the CJR but also bilateral grants and at least 10% annual growth rate but we also will have and expect more co-investments by many partners participating in this program as of direct or indirect co-investments that contribute to this more aligned and streamlined and focused global rises as a general. The six themes in Grisp are the first one is all about conserving, characterizing and better utilizing the world's rise to genetic resources for enhancing productivity, efficiency of systems, quality of lots of health. Theme two is then utilizing the discoveries of the genetic resources from theme one to accelerate development and adoption of new improved rise varieties. Theme three is there to look at the future, future rise based production systems and how we can intensify them in an ecologically sustainable manner in different parts of the world including adaptation to climate change and also mitigation of greenhouse gas. Theme four is about extracting more value. In many ways by reducing post harvest losses but also improving the quality exploring new ways of utilizing byproducts from rise and having generally higher or more sophisticated volume chains for the benefit of farmers. Theme five is about technology evaluation, targeting and policy options that influence activities such as household level characterization and targeting but also the global rise information gateway and strategic assessment and impact assessment studies. And theme six is going to be our contribution to large sphere investments in the development of the rise sector. So contributions and linkages of research with development partners close to the public in the civil society and in the private sector. These themes are interconnected. So products as you see here in this example for product that would belong to the category of stretched along rise varieties in theme two. We need to have a clear understanding of where we are targeting such a product. Where is it needed by farmers in what kind of environment and what kind of topic systems and what are the requirements from a processing or money exchange point of view. Only then can we define the traits needed and the genetic resources needed to develop this variety and it then requires also to utilize strengths of different partners in implementing different activities to develop this product and also then disseminate it through the different mechanisms under theme six. This is roughly how we envision this for all of these different products in this program, in directions and in the distributed network will be extremely important to accomplish the goals that we have. There are different roles of partners in this global rise in partnership. We have direct research partners who have major accountabilities in terms of conducting research that leads to the development of these new products and seems one in class.