Economic Returns to Public Agricultural Research

9 Pages Posted: 17 Jan 2008

See all articles by Paul Heisey

Paul Heisey

U.S. Department of Agriculture (USDA) - Economic Research Service (ERS)

Keith Fuglie

U.S. Department of Agriculture (USDA) - Economic Research Service (ERS)

Date Written: September 2007

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: Agriculture, productivity, productivity growth, technology, total factor productivity, TFP, research investments, food, input, output, crop yield,agricultural research, agricultural output, public spending, private sector research, ERS, USDA

Suggested Citation

Heisey, Paul and Fuglie, Keith, Economic Returns to Public Agricultural Research (September 2007). USDA-ERS Economic Brief No. 10. Available at SSRN: https://ssrn.com/abstract=1084926 or http://dx.doi.org/10.2139/ssrn.1084926

Paul Heisey (Contact Author)

U.S. Department of Agriculture (USDA) - Economic Research Service (ERS) ( email )

355 E Street, SW
Washington, DC 20024-3221
United States
202-694-5526 (Phone)

Keith Fuglie

U.S. Department of Agriculture (USDA) - Economic Research Service (ERS) ( email )

355 E Street, SW
Washington, DC 20024-3221
United States
202-694-5588 (Phone)

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