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Canadian dairy policy and the returns to federal dairy cattle research

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  • Glenn Fox
  • Bruce Roberts
  • George L. Brinkman

Abstract

The economic surplus approach is used to estimate the returns to federal investments in dairy cattle research in Canada. A national supply function is estimated using time series data. Lagged research expenditures are included as explanatory variables in the model, facilitating the calculation of ***marginal as well as average benefits from research. Simulation analysis is used to study the effects of product market distortions associated with Canadian dairy policy as well as of the marginal excess burden on the rates of return to research and on the distribution of research benefits. Returns were found to be high at the margin. Distortions in the product market had a small effect on the overall returns to dairy cattle research but had a large impact on the distribution of research benefits. Rate of return estimates were found to be indicative of underinvestment even when the marginal excess burden was taken into account.

Suggested Citation

  • Glenn Fox & Bruce Roberts & George L. Brinkman, 1992. "Canadian dairy policy and the returns to federal dairy cattle research," Agricultural Economics, International Association of Agricultural Economists, vol. 6(3), pages 267-285, February.
    • Handle: RePEc:bla:agecon:v:6:y:1992:i:3:p:267-285
    DOI: 10.1111/j.1574-0862.1992.tb00183.x
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    Cited by:

    1. Kathayat, Babita & Dixit, Anil K & Chandel, B S & Sendhil, R & Sharma, A K, 2022. "Economic impact of public research investment on livestock productivity: evidence from India," Agricultural Economics Research Review, Agricultural Economics Research Association (India), vol. 35(Conferenc), December.
    2. Meilke, Karl D. & Sarker, Rakhal & Le Roy, Danny G., 1996. "Analyzing The Potential For Increased Trade In Dairy Products: A Canadian Perspective," Proceedings of the 2nd Agricultural and Food Policy Systems Information Workshop, 1996: Understanding Canada\United States Dairy Disputes 16959, Farm Foundation, Agricultural and Food Policy Systems Information Workshops.
    3. Brinkman, George L., 2004. "Strategic Policy Issues for Agricultural Research in Canada," CAFRI: Current Agriculture, Food and Resource Issues, Canadian Agricultural Economics Society, issue 5, pages 1-17, May.

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