Persistence Pays: U.S. Agricultural Productivity Growth and the Benefits from Public R&D Spending

Persistence Pays: U.S. Agricultural Productivity Growth and the Benefits from Public R&D Spending

Paperback(2010)

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Overview

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.

Product Details

ISBN-13: 9781461425236
Publisher: Springer New York
Publication date: 02/25/2012
Series: Natural Resource Management and Policy , #34
Edition description: 2010
Pages: 504
Product dimensions: 6.10(w) x 9.25(h) x 0.04(d)

Table of Contents

CONTEXT.- A Brief History of U.S. Agriculture.- INPUTS, OUTPUTS AND PRODUCTIVITY.- Agricultural Inputs.- Agricultural Outputs.- Agricultural Productivity Patterns.- AGRICULTURAL R&D FUNDING AND POLICIES.- Research Funding and Performance.- The Federal Role.- MODELS OF R&D AND PRODUCTIVITY.- Research Lags and Spillovers.- Models of Research and Productivity.- Econometric Estimation and Results.- Productivity Patterns and Research Benefits.- INTERPRETATION AND SYNTHESIS.- Interpretation and Assessment of Benefit-Cost Findings.- Synthesis.

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