Agricultural Research and Development: Public and Private Investments Under Alternative Markets and Institutions
Keith Fuglie (),
Kelly Day Rubenstein,
Utpal Vasavada and
No 262031, Agricultural Economic Reports from United States Department of Agriculture, Economic Research Service
mpirical studies indicate high economic returns from the public's investment in agricultural research. Yet, even as society is placing broader demands on the research system, taxpayer support for public agricultural research is unlikely to increase. Stronger ownership rights for intellectual property have increased incentives for private investment in agricultural research, but key elements still require direct public support. The USDA is developing new mechanisms to build a more effective public-private partnership in agricultural research.
Keywords: Agricultural and Food Policy; Research and Development/Tech Change/Emerging Technologies (search for similar items in EconPapers)
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