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This paper discusses a range of approaches and benchmarks that can guide future design of value chain impact evaluations. Twenty studies were reviewed to understand the status and direction of value chain impact evaluations. A majority of the studies focus on evaluating the impact of only a few interventions, at several levels within the value chains. Few impact evaluations are based on well-constructed, well-conceived comparison groups. Most of them rely on use of propensity score matching to construct counterfactual groups and estimate treatment effects.