Publishing Details

Publication Type: 
Book Chapter
Authored by:
Alston, Julian M.; Pardey, Philip G.
Edited by: 
Knutson, Ronald D.; Knutson, Sharron D.; Ernstes, David P.
Publisher: 
Farm Foundation
Publication Year: 
2007
Book Title: 
Perspectives on 21st Century Agriculture: A Tribute to Walter J. Armbruster
Page Range: 
62-70
Publication Place: 
Oak Brook, IL

Abstract

The accumulated evidence from studies by agricultural economists consistently and convincingly shows that the United States has persistently underinvested in research directed towards enhancing farm productivity. The evidence clearly shows that the benefits to the nation from such investments have been consistently many times greater than the costs. The same may be true of other types of agricultural research (and indeed on other types of scientific, industrial, and medical research) but much less evidence is available on the returns to research in these other areas; in many cases the benefits are much more difficult to demonstrate. In the light of the evidence that is available, it is difficult to justify a reduction in total research funding or, in particular, a reduction of funding for research related to farm productivity enhancement.

Citation

Alston, Julian M.; Pardey, Philip G. (2007) "U.S. Agricultural Research and Technology Policy for the 21st Century", Farm Foundation.

Additional Attributes

Primary Contact: Philip Pardey
Keywords: Agricultural Productivity, Agricultural Research, Agricultural Research Policy, Policies, Research Investment, Technology, United States