Producer-Funded Innovation: R&D Spillovers across Levy Programs

Zhihua Xiao

No 205315, 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California from Agricultural and Applied Economics Association

Abstract: Agricultural R&D investment is becoming an increasingly important policy issue as food prices push upwards and food security problems emerge. An important source of agricultural R&D funding is from producer check-offs, which are increasingly being used to fund applied agricultural research. Existing studies of producer-funded agricultural R&D indicate that there are high private and social rates of return to agricultural R&D investment by farmers, and thus that farmers are under investing in R&D. An important reason for underinvestment of producer-funded R&D is the spillovers across levy programs – the research benefits of one particular crop can flow to other crops via spillovers. The spillovers across levy programs are particularly important in jurisdictions, such as Canada, where agricultural R&D activity has been organized on a commodity-by-commodity basis. This study developed a theoretical model to capture farmers R&D investment decisions by explicitly specifying spillovers across levy programs.

Keywords: Research; and; Development/Tech; Change/Emerging; Technologies (search for similar items in EconPapers)
Date: 2015
New Economics Papers: this item is included in nep-cse, nep-ino, nep-knm and nep-sbm
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea15:205315

DOI: 10.22004/ag.econ.205315

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