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Economic Returns to Public Agricultural Research

Author

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  • 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.

Suggested Citation

  • Fuglie, Keith O. & Heisey, Paul W., 2007. "Economic Returns to Public Agricultural Research," Economic Brief 6388, United States Department of Agriculture, Economic Research Service.
  • Handle: RePEc:ags:uerseb:6388
    DOI: 10.22004/ag.econ.6388
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    Citations

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    Cited by:

    1. Peter Midmore, 2017. "The Science of Impact and the Impact of Agricultural Science," Journal of Agricultural Economics, Wiley Blackwell, vol. 68(3), pages 611-631, September.
    2. Baráth, Lajos & Fertő, Imre, 2020. "Accounting for TFP Growth in Global Agriculture - a Common-Factor-Approach-Based TFP Estimation," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 10(3), December.
    3. Matt Clancy & Paul Heisey & Yongjie Ji & GianCarlo Moschini, 2020. "The Roots of Agricultural Innovation: Patent Evidence of Knowledge Spillovers," NBER Chapters, in: Economics of Research and Innovation in Agriculture, National Bureau of Economic Research, Inc.
    4. Sabasi, Darlington & Shumway, C. Richard, 2014. "Technical Change, Efficiency, and Total Factor Productivity in U.S. Agriculture," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 170225, Agricultural and Applied Economics Association.
    5. 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.
    6. 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.
    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. Suphannachart, Waleerat & Warr, Peter, 2010. "Total Factor Productivity in Thai Agriculture: Measurement and Determinants," ARE Working Papers 284031, Kasetsart University - Department of Agricultural and Resource Economics.
    9. Unknown, 2008. "The 30-Year Challenge: Agriculture's Strategic Role in Feeding and Fueling a Growing World," Issue Reports 45719, Farm Foundation.
    10. Waleerat Suphannachart & Peter Warr, 2011. "Research and productivity in Thai agriculture," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 55(1), pages 35-52, January.
    11. Brown, Mark G., 2009. "Allocation of Advertising and Research Dollars In the Florida Orange-Juice Industry," Research papers 104329, Florida Department of Citrus.
    12. Midmore, Peter, 2017. "The Science of Impact and the Impact of Agricultural Science," 91st Annual Conference, April 24-26, 2017, Royal Dublin Society, Dublin, Ireland 258614, Agricultural Economics Society.
    13. Pardey, Philip G. & Alston, Julian M. & Ruttan, Vernon W., 2010. "The Economics of Innovation and Technical Change in Agriculture," Handbook of the Economics of Innovation, in: Bronwyn H. Hall & Nathan Rosenberg (ed.), Handbook of the Economics of Innovation, edition 1, volume 2, chapter 0, pages 939-984, Elsevier.
    14. Kingwell, Ross, 2018. "The Rationale for Taxpayer Support for Primary Industry Research and Innovation in Western Australia," Working Papers 274837, University of Western Australia, School of Agricultural and Resource Economics.
    15. Warr, Peter G., 2012. "Research and agricultural productivity in Indonesia," 2012 Conference (56th), February 7-10, 2012, Fremantle, Australia 124475, Australian Agricultural and Resource Economics Society.
    16. 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.
    17. Čikić, Jovana & Petrović, Živojin, 2013. "Diffusion Of Knowledge And Innovations In Serbian Agriculture," Agri-Food Sector in Serbia: State and Challenges, Serbian Association of Agricultural Economists, number 157553 edited by Škorić, Dragan & Tomić, Danilo & Popović, Vesna, December.
    18. Cai, Yongyang & Golub, Alla A. & Hertel, Thomas W., 2016. "Developing Long-run Agricultural R&D Policy in the Face of Uncertain Economic Growth," 2017 Allied Social Sciences Association (ASSA) Annual Meeting, January 6-8, 2017, Chicago, Illinois 250111, Agricultural and Applied Economics Association.
    19. 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.
    20. Guesmi, Bouali & Gil, Jose Maria, 2017. "Measuring the impact of agricultural research on Catalan agricultural productivity," 2017 International Congress, August 28-September 1, 2017, Parma, Italy 261279, European Association of Agricultural Economists.
    21. 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.
    22. 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.

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