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  returns to agricultural research

Even as society is placing broader demands on the research system, taxpayer support for public agricultural research is unlikely to increase. Key elements still require direct public support, while stronger intellectual property righrts have increased potential returns for private investment. New mechanisms to build a more effective public-private partnership are emerging.


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Rates Of Return to Public Agricultural Research in the Presence of Research Spillovers—This study uses new State data to examine the contributions of public agricultural research, extension, and infrastructure to agricultural productivity. The estimated social rates of return (which take into account spillover effects) are high and imply a need for Federal or regional institutions to coordinate public agricultural research funding. AAEA Selected Paper (8/01).

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updated: June 4, 2001

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