Economic Returns to Public Agricultural Research
AbstractOver the last several decades, the U.S. agricultural sector has sustained impressive productivity growth. The Nation's agricultural research system, including Federal-State public research as well as private-sector research, has been a key driver of this growth. Economic analysis finds strong and consistent evidence that investment in agricultural research has yielded high returns per dollar spent. These returns include benefits not only to the farm sector but also to the food industry and consumers in the form of more abundant commodities at lower prices.
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Bibliographic InfoPaper provided by United States Department of Agriculture, Economic Research Service in its series Economic Brief with number 6388.
Date of creation: 2007
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Agriculture; productivity; productivity growth; technology; total factor productivity; TFP; research investments; food; input; output; crop yield; agricultural research; agricultural output; public spending; private sector research; ERS; USDA; Production Economics; Productivity Analysis; Research and Development/Tech Change/Emerging Technologies;
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