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Economic Returns to Public Agricultural Research

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Author Info

  • Fuglie, Keith O.
  • Heisey, Paul W.

Abstract

Over 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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File URL: http://purl.umn.edu/6388
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Bibliographic Info

Paper provided by United States Department of Agriculture, Economic Research Service in its series Economic Brief with number 6388.

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Date of creation: 2007
Date of revision:
Handle: RePEc:ags:uerseb:6388

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Related research

Keywords: 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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Citations

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Cited by:
  1. Rao, Xudong & Hurley, Terrance M. & Pardey, Philip G., 2012. "Recalibrating the Reported Rates of Return to Food and Agricultural R&D," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124581, Agricultural and Applied Economics Association.
  2. Anonymous, 2008. "The 30-Year Challenge: Agriculture's Strategic Role in Feeding and Fueling a Growing World," Issue Reports 45719, Farm Foundation.
  3. Sun, Ling & Ball, V. Eldon & Fulginiti, Lilyan E. & Plastina, Alejandro S., 2009. "Impact of local public goods on agricultural productivity growth in the U.S," 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin 49333, Agricultural and Applied Economics Association.
  4. Briones, Roehlano M. & Galang, Ivory Myka R., 2012. "Assessment of Prospective Impact of Fruits and Vegetables Research at the Industry Level in the Philippines: the Case of the ACIAR-PCAARRD Horticulture Project," Discussion Papers DP 2012-40, Philippine Institute for Development Studies.
  5. Nolan, Elizabeth & Santos, Paulo, 2009. "Evidence for increasing concentration in plant breeding industries in the United States and the European Union," 2009 Conference (53rd), February 11-13, 2009, Cairns, Australia 48060, Australian Agricultural and Resource Economics Society.
  6. Warr, Peter G., 2012. "Research and agricultural productivity in Indonesia," 2012 Conference (56th), February 7-10, 2012, Freemantle, Australia 124475, Australian Agricultural and Resource Economics Society.
  7. Malcolm, Scott A. & Marshall, Elizabeth P. & Aillery, Marcel P. & Heisey, Paul W. & Livingston, Michael J. & Day-Rubenstein, Kelly A., 2012. "Agricultural Adaptation to a Changing Climate: Economic and Environmental Implications Vary by U.S. Region," Economic Research Report 127734, United States Department of Agriculture, Economic Research Service.
  8. King, John L. & Toole, Andrew A. & Fuglie, Keith O., 2012. "The Complementary Roles of the Public and Private Sectors in U.S. Agricultural Research and Development," Economic Brief 138925, United States Department of Agriculture, Economic Research Service.
  9. Waleerat Suphannachart & Peter Warr, 2010. "Total Factor Productivity in Thai Agriculture Measurement and Determinants," Working Papers 201001, Kasetsart University, Department of Agricultural and Resource Economics.
  10. John W. Mellor, 2008. "Agricultural Development and Food Security(The Allama Iqbal Memorial Lecture)," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 47(4), pages 357-380.

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