Economic Returns to Public Agricultural Research

Keith Fuglie () and Paul W. Heisey

No 6388, Economic Brief from United States Department of Agriculture, Economic Research Service

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.

Keywords: Production Economics; Productivity Analysis; Research and Development/Tech Change/Emerging Technologies (search for similar items in EconPapers)
Pages: 8
Date: 2007
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Citations: View citations in EconPapers (37)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:uerseb:6388

DOI: 10.22004/ag.econ.6388

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