This book covers the evolving path of U.S. agriculture in the 20th Century and the role of public research and development in that evolution. Through detailed analysis, it shows that the benefits of public investment in agriculture greatly outweigh the costs.

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 usesin 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.

Contains an empirical assessment of the long-run investments in and payoffs to agricultural R&D in the United States, which will be of broader international as well as U.S. interest Includes substantial improvements in data, understanding, methods, and new and interesting empirical results Provides comprehensive treatment of issues and prior literature and persuasive results written by leaders in the field Very timely given the policy, professional, and media attention of late on the "food crisis," growing concerns about an agricultural productivity slowdown and the significant policy flux in Washington DC associated with 2007 Farm Bill Includes supplementary material: sn.pub/extras

Klappentext

This book documents the evolving path of U.S. agriculture in the 20th Century and the role of public R&D in that evolution. The work begins with a detailed quantitative assessment of the shifting patterns of production among the states and over time and of the public institutions and investments in agricultural R&D. Then, based on newly constructed sets of panel data, some of which span the entire 20th Century and more, the authors present new econometric evidence linking state-specific agricultural productivity measures to federal and state government investments in agricultural research and extension. The results show that the time lags between R&D spending and its effects on productivity are longer than commonly found or assumed in the prior published work. Also, the spillover effects of R&D among states are important, such that the national net benefits from a state's agricultural research investments are much greater than own-state net benefits. The main findings are consistent across a wide range of reasonable model specifications. In sum, the benefits from past public investments in agricultural research have been worth many times more than the costs, a significant share of the benefits accrue as spillovers, and the research lags are very long. An accelerated investment in public agricultural R&D is warranted by the high returns to the nation, and may be necessary to revitalize U.S. agricultural productivity growth even though the benefits may not be visible for many years.

Julian M. Alston is Professor in the Department of Agricultural and Resource Economics and Director of the Robert Mondavi Institute Center for Wine Economics at the University of California, Davis and Associate Director for Science and Technology at the University of California Agricultural Issues Center

Matthew A. Andersen is Assistant Professor in the Department of Agricultural and Applied Economics at the University of Wyoming

Jennifer S.James is Associate Professor in the Department of Agribusiness at California Polytechnic State University, San Luis Obispo

Philip G. Pardey is Professor in the Department of Applied Economics and Director of the International Science and Technology Practice and Policy (InSTePP) Center at the University of Minnesota

Inhalt
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.