The Impact of Investment in Agricultural Research and Development and Agricultural Productivity

40 Pages Posted: 25 Jul 2015

See all articles by Nicostrato Perez

Nicostrato Perez

University of Bonn - Center for Development Research (ZEF)

Mark W. Rosegrant

International Food Policy Research Institute (IFPRI)

Date Written: June 25, 2015

Abstract

This study was conducted to determine the impact on world prices, agricultural commodities production, and food security and nutrition of raising the annual growth in agricultural total factor productivity (TFP) from the current estimate of 1.6 percent to 2 percent by 2030 through investment in agricultural research and development (R&D). The study also compared three R&D investment strategies: (1) gradual TFP increase, (2) accelerated TFP increase, and (3) developing-countries-only TFP increase. Results show that compared with the baseline scenario of business as usual, R&D investment strategies to increase TFP to 2 percent can lower world prices of cereals and meat by as much as 17 and 15 percent, respectively, as well as increase area planted in crops by 2.4 percent and crop yields by 8.5 percent by 2030. World cereal and meat production can also be increased by 12.5 and 3.9 percent, respectively, and consumption by 4.5 and 3.9 percent, respectively. The number of malnourished children can be reduced by 7 million (5.4 percent), and the population at risk of hunger can be reduced by 160 million (23.2 percent).

Keywords: agricultural research, productivity, children, malnutrition, nutrition, hunger, risk, investment, prices, yields, agricultural products

Suggested Citation

Perez, Nicostrato and Rosegrant, Mark W., The Impact of Investment in Agricultural Research and Development and Agricultural Productivity (June 25, 2015). IFPRI Discussion Paper 1447. Available at SSRN: https://ssrn.com/abstract=2631730

Nicostrato Perez (Contact Author)

University of Bonn - Center for Development Research (ZEF) ( email )

Walter-Flex-Str. 3
Bonn, NRW 53113
Germany

Mark W. Rosegrant

International Food Policy Research Institute (IFPRI) ( email )

1201 Eye St, NW,
Washington, DC 20005
United States

HOME PAGE: http://www.ifpri.org/srstaff/rosegram.htm

Register to save articles to
your library

Register

Paper statistics

Downloads
52
Abstract Views
288
rank
379,726
PlumX Metrics