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The objective of the assignment is to assess, via phased M&E, the overall value for money of investments in the new Affordable Inputs Programme (AIP, intended to benefit all smallholder farmers - circa 4.2 million) during the 2020/2021 cropping season in terms of the contribution to agricultural production and food security in Malawi. The M&E assesses the economy, efficiency and effectiveness of AIP 2020/2021, and provides information to the Donor Committee in Agriculture and Food Security (DCAFS) and recommendations to the new Government administration on how best to design, fund and implement future agriculture subsidy programmes for optimal impact.