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Canadian dairy policy and the returns to federal dairy cattle research

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  • Fox, Glenn
  • Roberts, Bruce
  • Brinkman, George L.

Abstract

The economic surplus approach is used to estimate the returns to federal investments in dairy cattle research in Canada. A national supply function is estimated using time series data. Lagged research expenditures are included as explanatory variables in the model, facilitating the calculation of marginal as well as average benefits from research. Simulation analysis is used to study the effects of product market distortions associated with Canadian dairy policy as well as of the marginal excess burden on the rates of return to research and on the distribution of research benefits. Returns were found to be high at the margin. Distortions in the product market had a small effect on the overall returns to dairy cattle research but had a large impact on the distribution of research benefits. Rate of return estimates were found to be indicative of underinvestment even when the marginal excess burden was taken into account.
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Suggested Citation

  • Fox, Glenn & Roberts, Bruce & Brinkman, George L., 1992. "Canadian dairy policy and the returns to federal dairy cattle research," Agricultural Economics, Blackwell, vol. 6(3), pages 267-285, February.
  • Handle: RePEc:eee:agecon:v:6:y:1992:i:3:p:267-285
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    Cited by:

    1. de Gorter, Harry & Nielson, David J. & Rausser, Gordon C., 1990. "The political economy of productive and predatory policies: a case study from agriculture," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt0q9495xv, Department of Agricultural & Resource Economics, UC Berkeley.
    2. Meilke, Karl D. & Sarker, Rakhal & Le Roy, Danny G., 1996. "Analyzing The Potential For Increased Trade In Dairy Products: A Canadian Perspective," Understanding Canada\United States Dairy Disputes; Proceedings of the 2nd Canada\U.S. Agricultural and Food Policy Systems Information Workshop-1996 16959, Farm Foundation, Agricultural and Food Policy Systems Information Workshops.
    3. Brinkman, George L., 2004. "Strategic Policy Issues for Agricultural Research in Canada," CAFRI: Current Agriculture, Food and Resource Issues, Canadian Agricultural Economics Society, issue 05.

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