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High Economic Returns From Investment In Agricultural Research
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Book Synopsis Economic Returns to Public Agricultural Research by : Paul Heisey
Download or read book Economic Returns to Public Agricultural Research written by Paul Heisey and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Persistence Pays by : Julian M. Alston
Download or read book Persistence Pays written by Julian M. Alston and published by Springer Science & Business Media. This book was released on 2009-11-27 with total page 515 pages. Available in PDF, EPUB and Kindle. Book excerpt: gricultural science policy in the United States has profoundly affected the growth and development of agriculture worldwide, not just in the A United States. Over the past 150 years, and especially over the second th half of the 20 Century, public investments in agricultural R&D in the United States grew faster than the value of agricultural production. Public spending on agricultural science grew similarly in other more-developed countries, and c- lectively these efforts, along with private spending, spurred agricultural prod- tivity growth in rich and poor nations alike. The value of this investment is seldom fully appreciated. The resulting p- ductivity improvements have released labor and other resources for alternative uses—in 1900, 29. 2 million Americans (39 percent of the population) were - rectly engaged in farming compared with just 2. 9 million (1. 1 percent) today— while making food and fiber more abundant and cheaper. The benefits are not confined to Americans. U. S. agricultural science has contributed with others to growth in agricultural productivity in many other countries as well as the Un- ed States. The world’s population more than doubled from around 3 billion in 1961 to 6. 54 billion in 2006 (U. S. Census Bureau 2009). Over the same period, production of important grain crops (including maize, wheat and rice) almost trebled, such that global per capita grain production was 18 percent higher in 2006.
Book Synopsis High Economic Returns from Investment in Agricultural Research by : Steven A. Breth
Download or read book High Economic Returns from Investment in Agricultural Research written by Steven A. Breth and published by . This book was released on 1991 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Returns to Investment in Agricultural Research by : Willis L. Peterson
Download or read book Returns to Investment in Agricultural Research written by Willis L. Peterson and published by . This book was released on 1978 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Economic Return to Public Investment in Agricultural Research and Extension by : Willis L. Peterson
Download or read book Economic Return to Public Investment in Agricultural Research and Extension written by Willis L. Peterson and published by . This book was released on 1975 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Agricultural R and D in the Developing World by : Philip G. Pardey
Download or read book Agricultural R and D in the Developing World written by Philip G. Pardey and published by Intl Food Policy Res Inst. This book was released on 2006 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The world's agricultural economy was transformed remarkably during the 20th century. The agricultural productivity growth that fueled this change was generated primarily by agricultural R&D financed and conducted by a small group of rich countries-especially the United States, but also Japan, Germany, and France. In an increasingly interdependent world, both rich and poor countries have depended on agricultural research conducted in the private and public laboratories of these few countries, even if they have not contributed to financing the activity. But now the rich-country research agendas are shifting. In particular, they are no longer as interested in simple productivity enhancement. Dietary patterns and other priorities change as incomes increase. Food-security concerns are still pervasive among poor people, predominantly in poor countries. In rich countries we see a declining emphasis on enhancing the production of staple foods and an increasing emphasis on enhancing certain attributes of food (such as growing demand for processed and so-called functional foods) and on food production systems (such as organic farming, humane livestock production systems, localized food sources, and "fair trade" coffee). In addition to growing differences between rich and poor countries in consumer demand for innovation, research agendas may diverge because of differences in producer and processor demands. Farmers in rich countries are demanding high-technology inputs that often are not as relevant for subsistence agriculture (such as precision farming technology or other capital-intensive methods). As well as differences in value-adding processes to serve consumer demands, differences in farm production technologies are emerging to serve the evolving agribusiness demands for farm products with specific attributes for particular food, feed, energy, medical, or industrial applications.The purpose of this volume is to document the changing institutions and investments in agricultural R&D in less-developed countries, in part to form a companion volume to Paying for Agricultural Productivity by providing a more complete global picture of the issues."
Book Synopsis Agricultural Research and Development by :
Download or read book Agricultural Research and Development written by and published by . This book was released on 1996 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Revisiting rates of return to agricultural R&D investment by : Nin-Pratt, Alejandro
Download or read book Revisiting rates of return to agricultural R&D investment written by Nin-Pratt, Alejandro and published by Intl Food Policy Res Inst. This book was released on with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study proposes the use of partial least squares to determine the key parameters of the perpetual inventory method model of capital stock as a new approach to calculate research and development (R&D) knowledge stocks and R&D elasticities. This approach avoids most of the major problems encountered in the literature that lead to obtaining very high and implausible rates of return to agricultural R&D...Using this approach, we obtain an average R&D elasticity for low- and middle-income (LM) countries of 0.23 and an average rate of return to R&D investment of 6.0 percent, bigger than the average discount rate of 4.2 percent for these countries. Results show that 60 percent of LM countries in our sample are underinvesting in agricultural R&D, as they can get higher returns by investing in this activity than in activities that return the social discount rate.
Book Synopsis The Returns to Investment in Agricultural Research in the United States by : Willis L. Peterson
Download or read book The Returns to Investment in Agricultural Research in the United States written by Willis L. Peterson and published by . This book was released on 1969 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Social Rates of Return to Public Investment in Agricultural Research and the Underinvestment Hypothesis by : Glenn Fox
Download or read book Social Rates of Return to Public Investment in Agricultural Research and the Underinvestment Hypothesis written by Glenn Fox and published by . This book was released on 1985 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A Meta-analysis of Rates of Return to Agricultural R&D by : Julian M. Alston
Download or read book A Meta-analysis of Rates of Return to Agricultural R&D written by Julian M. Alston and published by Intl Food Policy Res Inst. This book was released on 2000 with total page 163 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyze alternative national and international strategies and policies for meeting foof needs of the developing world on a sustainable basis, with particular emphasis on low-income countries and on the poorer groups in those countries.
Book Synopsis Investment in Agricultural Research by : Grant M. Scobie
Download or read book Investment in Agricultural Research written by Grant M. Scobie and published by . This book was released on 1984 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Returns to R&D investment to inform priority setting in the One CGIAR and NARS by : Nin-Pratt, Alejandro
Download or read book Returns to R&D investment to inform priority setting in the One CGIAR and NARS written by Nin-Pratt, Alejandro and published by Intl Food Policy Res Inst. This book was released on 2022-02-10 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2019 report of the Global Commission on Adaptation for accelerated action to adapt to climate change included a call for increased allocation of resources to international agricultural research. The production and adaptation challenges faced by agriculture will be most acutely felt in Africa and South Asia, focus regions of the CGIAR, the world’s largest public food systems research network. These challenges come at a time when the CGIAR is undergoing a transformation of its partnerships, knowledge, assets and global presence, emerging as One CGIAR, aimed at sharpening its mission and impact focus to 2030 and beyond, in line with the Sustainable Development Goals. Evidence on the impacts of CGIAR research since the 1980s have consistently found high rates of return to investment. How could this evidence on the performance of the CGIAR and its partnership with NARS in developing regions be used to inform investment priority setting and to achieve the One CGIAR goals in the coming years? We used detailed R&D investment data from the CGIAR, NARS (ASTI) and evidence from the literature on returns to CGIAR investment by crop and region to develop and calibrate a model of R&D investment that allows us to conduct priority-setting analysis of alternative CGIAR investment across research activities and regions. The model developed can be linked to global partial equilibrium and economy-wide forward-looking models to analyze the effect of different CGIAR investment options under alternative future scenarios. We checked the plausibility of the results obtained by the model calculating the Benefit-Cost ratio of historical CGIAR investments and found that each dollar invested by the CGIAR between 1971 and 2018 returned almost 10 dollars in output as the result of increased productivity, which is within the range of returns found by most recent meta-analyses impact of CGIAR investment. An application of the model to SSA shows that the best results for the CGIAR are obtained from investments in cassava and potato in Southern Africa; yams, sorghum, cassava and groundnuts in West Africa; cassava in East Africa and groundnuts and shoats in the Sahel.
Book Synopsis Agricultural Innovation Systems by : The World Bank
Download or read book Agricultural Innovation Systems written by The World Bank and published by World Bank Publications. This book was released on 2012-02-21 with total page 685 pages. Available in PDF, EPUB and Kindle. Book excerpt: Managing the ability of agriculture to meet rising global demand and to respond to the changes and opportunities will require good policy, sustained investments, and innovation - not business as usual. Investments in public Research and Development, extension, education, and their links with one another have elicited high returns and pro-poor growth, but these investments alone will not elicit innovation at the pace or on the scale required by the intensifying and proliferating challenges confronting agriculture. Experience indicates that aside from a strong capacity in Research and Development, the ability to innovate is often related to collective action, coordination, the exchange of knowledge among diverse actors, the incentives and resources available to form partnerships and develop businesses, and conditions that make it possible for farmers or entrepreneurs to use the innovations. While consensus is developing about what is meant by 'innovation' and 'innovation system', no detailed blueprint exists for making agricultural innovation happen at a given time, in a given place, for a given result. The AIS approach that looks at these multiple conditions and relationships that promote innovation in agriculture, has however moved from a concept to a sub-discipline with principles of analysis and action. AIS investments must be specific to the context, responding to the stage of development in a particular country and agricultural sector, especially the AIS. This sourcebook contributes to identifying, designing, and implementing the investments, approaches, and complementary interventions that appear most likely to strengthen AIS and to promote agricultural innovation and equitable growth. It emphasizes the lessons learned, benefits and impacts, implementation issues, and prospects for replicating or expanding successful practices. The information in this sourcebook derives from approaches that have been tested at different scales in different contexts. It reflects the experiences and evolving understanding of numerous individuals and organizations concerned with agricultural innovation, including the World Bank. This information is targeted to the key operational staff in international and regional development agencies and national governments who design and implement lending projects and to the practitioners who design thematic programs and technical assistance packages. The sourcebook can also be an important resource for the research community and nongovernmental organizations (NGOs).
Author :Johannes Roseboom Publisher :Isnar International Service for National Agricultural ISBN 13 : Total Pages :90 pages Book Rating :4.E/5 ( download)
Book Synopsis Optimizing Investment in Agricultural Research, Or the Quest for Prosperity by : Johannes Roseboom
Download or read book Optimizing Investment in Agricultural Research, Or the Quest for Prosperity written by Johannes Roseboom and published by Isnar International Service for National Agricultural. This book was released on 2003 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt: The growth in agricultural R&D investments around the world has slowed considerably in the past 20-30 years, even though most experts agree that there is substantial underinvestment in agricultural R&D. Introducing a simple economic model of the ex ante selection of R&D projects allows us to make a more insightful interpretation of the available ex post rate-of-return evidence. Two sets of factors can be identified that determine the level of investment in agricultural R&D: (1) the ex ante choice set of R&D projects for a given domain and time and (2) the extent to which the assumptions of full information and selection rationality apply
Book Synopsis Scaling Up and Out: Achieving Widespread Impact through Agricultural Research by : Douglas Pachico
Download or read book Scaling Up and Out: Achieving Widespread Impact through Agricultural Research written by Douglas Pachico and published by CIAT. This book was released on 2004 with total page 291 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A Retrospective Analysis and Priority Setting Exercise of Investments in Agricultural Research in Zambia by : Choolwe Haankuku
Download or read book A Retrospective Analysis and Priority Setting Exercise of Investments in Agricultural Research in Zambia written by Choolwe Haankuku and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2003 national heads of African states, including Zambia, met in Maputo and pledged to increase financial resources to the agriculture sector, up to 10 % of their national budgets, in order to meet growth targets. Given the need to increase investments in agriculture, it follows that impact assessment studies have become handy as funding agencies demand better accountability and empirical justification for further investment. However, experts have reasoned that the quantity of resources is as important as the quality of spending in that, if resources are allocated efficiently, more could be achieved with the same level of resources. The lack of an effective strategy and basis upon which investments in agriculture crop research ought to be prioritised in order to improve agricultural productivity is the main concern in Zambia. This study sought to illustrate the use of the Dynamic Research Evaluation for Management (DREAM) model to assess the economic returns of investing in agriculture technologies and to set priorities for crop-based research activities in Zambia. The study hypothesised that the financial outlay allocated to agricultural crop research is not efficiently allocated so as to achieve the nation's agricultural production potential, and that agricultural crop research investment influences the distribution of welfare effects on producers and consumers. The DREAM model is conceptually based on the economic surplus theory and is designed for research priority setting and ex ante evaluations. It computes the net present value (NPV) of benefits for both producers and consumers as a result of investing in agriculture technology. The findings from this study reveal that investment in agriculture crop research in Zambia is worthwhile as positive net present values were obtained for all crops under consideration in this study. Maize research gives the highest return to both large-scale and smallholder producers. Maize also yielded the highest returns for consumers in Zambia. In order of priority, maize is followed by soya bean, groundnuts, cotton, millet, sunflower and sorghum. In spite of this, the order of priority in terms of financial expenditure on crop research is maize, cotton, sorghum, soya bean, groundnuts, sunflower and millet. Therefore, the allocation of financial resources towards crop research is not efficient for all crops except maize since some crops such as sorghum receiving high financial expenditure in research did not necessarily generate high returns. This is because the Government still conducts the bulk of research in Zambia, and as such, other social objectives such as equity and food security considerations play a major role in determining investment patterns. The study further establishes that the choice of crop research expenditure influences the distribution of welfare benefits on different producer groups: and that smallholder farmers in Central, Eastern and Southern province are among the group that received the highest proportion of benefits even for crops such as maize for which financial resources were efficiently allocated. Therefore, the efficiency objective may not necessarily leave smallholder farmers worse off as long as they have access to complementary infrastructure and institutions for agriculture production and marketing. As such the study recommends that the Government, private sector and other development partners must focus on raising agriculture productivity by expanding investments in crop science-based technologies: and also recommends re-allocation of financial resources between crops in favour of crops with high returns because this benefits both large scale and smallholder farmers. This must be accompanied by further investment in complementary infrastructure and good governance. Copyright.
