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Potential Returns From Increased Research Budget For The Land Grant Universities

Author

Listed:
  • Easter, K. William
  • Norton, George W.

Abstract

With the growing competition for Federal dollars, the land grant universities were asked to justify their budget to the Congress and the Office of Management and Budget using benefitcost analysis. The authors review previous studies of returns to agricultural research and present an analysis of corn and soybean research that formed part of these universities' 1978 budget request for Federal monies. New research to increase corn and soybean production would bring very high returns, and consumers would be the primary beneficiaries. The large acreage affected by the research was an important reason for these high returns. Consumers would benefit from lower prices and the resulting increase in consumer surplus.

Suggested Citation

  • Easter, K. William & Norton, George W., 1977. "Potential Returns From Increased Research Budget For The Land Grant Universities," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 29(4), pages 1-7, October.
    • Handle: RePEc:ags:uersja:148083
    DOI: 10.22004/ag.econ.148083
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    Citations

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    Cited by:

    1. Norton, George W. & Sundquist, W. Burt, 1981. "The Use Of Genetics Principles In Research Evaluation: An Example With Soybeans," Staff Papers 14187, University of Minnesota, Department of Applied Economics.
    2. Araji, A. A. & Guenthner, J., 2001. "The Economic And Environmental Impacts Of Investments In The Development And Adoption Of Genetically Modified Potato," A.E. Research Series 305029, University of Idaho, Department of Agricultural Economics and Rural Sociology.
    3. Scobie, Grant M., 1984. "Investment in Agricultural Research: Some Economic Principles," Economics Working Papers 232447, CIMMYT: International Maize and Wheat Improvement Center.
    4. Norton, George W. & Davis, Jeffrey S., 1979. "Review Of Methods Used To Evaluate Returns To Agricultural Research," Staff Papers 13520, University of Minnesota, Department of Applied Economics.
    5. Araji, A. A., 2001. "Functions, Resource Allocation, And The Productivity Of The State Agricultural Experiment Station," A.E. Research Series 305027, University of Idaho, Department of Agricultural Economics and Rural Sociology.
    6. Liu, Chun-Ian, 1979. "An Economic Impact Evaluation Of Government Programs: The Case Of Brucellosis Control In The United States," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 11(1), pages 1-6, July.
    7. Araji, A. A. & Guenthner, J., 2002. "Genetically Modified (Gm) Foods: Consumers' And Producers' Perceptions And The Economic - Environmental Benefits," A.E. Research Series 305032, University of Idaho, Department of Agricultural Economics and Rural Sociology.

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