What is in this article?:
- R&D vital to continued agricultural growth
- Report findings
- Globally, most of the increase in agricultural production over the past 50 years can largely be attributed to rising crop and livestock yields rather than to the expansion of acreage devoted to farming.
Findings reported in the Science article include:
- Globally, about half or more of all private investment in food and agricultural research and development have been devoted to food manufacturing, not toward input industries and other areas that directly increase agricultural production.
- Recent increases in private agricultural input research have mostly centered on crops, including farm machinery and some biofuels investments; livestock-related research and crop protection chemicals have experienced less growth.
- Research into biofuels has become increasingly important, with estimated global investments by private companies at approximately $1.47 billion in 2009.
- In both crop seed and animal breeding, biotechnology research was an important driver of consolidation in these industries.
- Private spending contributed to the overall growth in R&D for agricultural in the face of slowing or stagnant public R&D resources, but addressed a narrower set of research topics and input industries than publicly funded R&D.
- Public policies have a major influence on private-sector incentives to invest in agricultural research. Intellectual property protection, regulatory frameworks, and especially, public investments in basic science that opens up new technological opportunities, have been important drivers of the growth of private agricultural R&D.
The article can be found at: http://www.sciencemag.org/content/338/6110/1031.full.
The Economic Research Service is a primary source of economic research and analysis on American agriculture, the food sector, and rural America. The work of ERS provides vital information to government policymakers, as well as to researchers and to decision-makers in the marketplace.