Measuring Returns to Research Expenditures for Corn, Wheat and Soybeans

W.B. Sundquist and Cheng, Cheng-Ge

No 49022, Evaluation of Agricultural Research, Proceedings of a Workshop, Minneapolis, MN, May 12-13, 1980, Miscellaneous Publication 8 from University of Minnesota, Agricultural Experiment Station

Abstract: A wealth of information exists on ex post returns to research investments for agriculture in the aggregate and for several agricultural commodity groups of commercial importance in the United States. Many of the investments made in agricultural research and, consequently, many of the allocative decisions on research funding, are, however, commodity-specific. Probably the main reason for the limited empirical literature on returns to commodity-specific research is that of the limited production input data available for individual commodities. Data from the U.S. Census of Agriculture, for example, do not permit commodity disaggregation beyond that employed by Bredahl and Peterson. Their analysis which utilizes commodity groups including cash crops, dairy, livestock, and poultry, has been updated by Norton using 1974 Census data. The research reported in this paper represents "early stage" progress in an effort to extend the cross-sectional production function-type analyses of Bredahl, Peterson, and Norton to three specific crops--corn, wheat, and soybeans. The production functions estimated are for the 1977 crop year.

Keywords: Crop Production/Industries; Research and Development/Tech Change/Emerging Technologies (search for similar items in EconPapers)
Date: 1980
View list of references

Downloads: (external link)
http://purl.umn.edu/49022 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:ags:umae08:49022

Access Statistics for this paper

More papers in Evaluation of Agricultural Research, Proceedings of a Workshop, Minneapolis, MN, May 12-13, 1980, Miscellaneous Publication 8 from University of Minnesota, Agricultural Experiment Station
Contact information at EDIRC.
Series data maintained by AgEcon Search ().