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The Productivity and Allocation of Research: U.S. Agricultural Experiment Stations

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  • Maury Bredahl
  • Willis Peterson

Abstract

In this paper are presented estimates of the marginal products and internal rates of return to investment in agricultural research by commodity groups (cash grains, poultry, dairy, and livestock). The results are reported both in terms of national aggregates and on a state-by-state basis. Internal rates of return for the country as a whole range from 36% to 46%. At the state level the evidence suggests that the payoff to research is greatest for the commodities with the largest absolute value of output.

Suggested Citation

  • Maury Bredahl & Willis Peterson, 1976. "The Productivity and Allocation of Research: U.S. Agricultural Experiment Stations," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 58(4_Part_1), pages 684-692.
    • Handle: RePEc:oup:ajagec:v:58:y:1976:i:4_part_1:p:684-692.
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    File URL: http://hdl.handle.net/10.2307/1238811
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    Cited by:

    1. Thirtle, Colin, 1986. "The Production Function Approach to the Relationship Between Productivity Growth and R & D," Manchester Working Papers in Agricultural Economics 232791, University of Manchester, School of Economics, Agricultural Economics Department.
    2. Margolis, Robert M. & Kammen, Daniel M., 1999. "Evidence of under-investment in energy R&D in the United States and the impact of Federal policy," Energy Policy, Elsevier, vol. 27(10), pages 575-584, October.
    3. Narrod, Clare A. & Pray, Carl E. & Tiongco, Marites, 2008. "Technology transfer, policies, and the role of the private sector in the global poultry revolution:," IFPRI discussion papers 841, International Food Policy Research Institute (IFPRI).
    4. Azam, Qazi Tauqir & Bloom, Erik A. & Evenson, Robert E., 1991. "Agricultural Research Productivity in Pakistan," Center Discussion Papers 321325, Yale University, Economic Growth Center.
    5. Russell, N.P. & Thirtle, C.G., 1988. "Measuring the Contribution of Publicly Funded Research and Development Expenditure to Increasing UK Oilseed Rape Yields," Manchester Working Papers in Agricultural Economics 232796, University of Manchester, School of Economics, Agricultural Economics Department.
    6. Narrod, Clare A., 2001. "Technology, Policies, And The Role Of The Private Sector In The Global Poultry Revolution," 2001: International Trade in Livestock Products Symposium, January 2001, Auckland, New Zealand 14567, International Agricultural Trade Research Consortium.
    7. Garren, Nathan M. & White, Fred C., 1981. "An Analysis of Research Expenditures for Selected Agricultural Commodities," 1981 Annual Meeting, July 26-29, Clemson, South Carolina 279247, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    8. Lawrence Busch, 2008. "Nanotechnologies, food, and agriculture: next big thing or flash in the pan?," Agriculture and Human Values, Springer;The Agriculture, Food, & Human Values Society (AFHVS), vol. 25(2), pages 215-218, June.

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