An Evaluation of the Economic, Environmental and Social Impacts of NSW DPI Investments in IPM Research in Invertebrate Rice Pests
AbstractResearch into IPM technologies has been conducted by NSW DPI for over 20 years. Evaluating the returns from investment in specific research and development projects is an important component of the NSW DPI science and research program. An economic evaluation has been conducted of IPM in managing invertebrate pests in rice in NSW. We found that there has been widespread adoption of many IPM practices amongst NSW rice growers leading to a flow of economic benefits to the rice industry and the community. Important environmental and human health benefits were also identified. A benefit-cost ratio of 9.05 was calculated for the return to NSW DPI investment in rice invertebrate pests IPM research. The net present value of the benefits of this research to 2020 was $67.9 million. Important environmental and human health benefits were not valued nor were ‘spillover’ benefits to other States.
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Bibliographic InfoPaper provided by New South Wales Department of Primary Industries Research Economists in its series Research Reports with number 45632.
Date of creation: Aug 2008
Date of revision:
benefit cost analysis; rice; IPM; invertebrate pests; evaluation; Crop Production/Industries; Environmental Economics and Policy; Farm Management; Production Economics; Q160;
Find related papers by JEL classification:
- Q16 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - R&D; Agricultural Technology; Biofuels; Agricultural Extension Services
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- Brennan, John P. & Singh, Rajinder Pal, 2000. "Economic Assessment of Improving Nutritional Characteristics of Feed Grains," Research Reports 28000, New South Wales Department of Primary Industries Research Economists.
- Patton, Dean A. & Mullen, John D., 2001. "Farming Systems in the Central West of NSW: An Economic Analysis," Research Reports 27998, New South Wales Department of Primary Industries Research Economists.
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