Keywords
ROI
agricultural research
research and development
Florida
Categories
How to Cite
Abstract
This publication describes why science and research are critical to the future success of agriculture. It provides an overview of challenges to evaluating outcomes of research investments and some common approaches to measuring returns. The authors summarize emerging federal science and research priorities significant for Florida agriculture. The publication is intended as a helpful reference for Florida producers, taxpayers, and state government agencies. It is part of a series that examines federal policies relevant to specialty crops.
References
Ahlborg, Helene, Isle Ruiz-Mercado, Sverker Molander, and Amar Masera. 2019. “Bringing Technology into Social-Ecological Systems Research.” Sustainability. 11 (7): 2009. https://doi.org/10.3390/su11072009.
Alston, J., M. Andersen, J. James, and P. Pardey. 2011. “The Economic Returns to U.S. Public Agricultural Research.” American Journal of Agricultural Economics 93 (5): 1257–1277. https://doi.org/10.1093/ajae/aar044
Alston, J., P. Pardey, and X. Rao. 2020. “The Payoff to Investing in CGIAR Research.” Report of the Supporters of Agricultural Research (SoAR) Foundation. https://supportagresearch.org/assets/pdf/Payoff_to_Investing_in_CGIAR_Research_final_October_2020.pdf
Ambulkar, Saurabh, Sridhar Ramaswami, Jennifer Blackhurst, and M. Johnny Rungtusanatham. 2022. “Supply Chain Disruption Risk: An Unintended Consequence of Product Innovation.” International Journal of Production Research 60 (24): 7194–7213. https://doi.org/10.1080/00207543.2022.2027038
Briones, R., M. Dey, I. Stobutzki, and M. Prein. 2005. “Ex Ante Impact Assessment for Research on Natural Resources Management: Methods and Application to Aquatic Resource Systems.” Research Evaluation 14 (3): 217–227. https://doi.org/10.3152/147154405781776120
Fuglie, K., and P. Heisey. 2007. “Economic Returns to Public Agricultural Research.” Economic Brief No. (EB-10) 9 pp. United States Department of Agriculture, Economic Research Service. https://doi.org/10.2139/ssrn.1084926
Fuglie, K., E. Njuki, and S. Wang. 2022. Agricultural Research and productivity. United States Department of Agriculture, Economic Research Service. https://www.ers.usda.gov/topics/farm-economy/agricultural-research-and-productivity/
Garst, B. A., and P. F. McCawley. 2015. “Solving Problems, Ensuring Relevance, and Facilitating Change: The Evolution of Needs Assessment Within Cooperative Extension.” Journal of Human Sciences and Extension 3(2). https://doi.org/10.54718/FLSF2021
Heisey, Paul W., and Keith O. Fuglie. Agricultural Research Investment and Policy Reform in High-Income Countries, ERR-249, U.S. Department of Agriculture, Economic Research Service, May 2018.
Hobbs, J. E. 2020. “Food Supply Chains during the COVID-19 Pandemic.” Canadian Journal of Agricultural Economics. 68:171–176. https://doi.org/10.1111/cjag.12237.
Kierulff, H. 2008. “MIRR: A Better Measure.” Business Horizons 51 (4): 321–329. https://doi.org/10.1016/j.bushor.2008.02.005
Kile, O. Merton. 1948. The Farm Bureau Through Three Decades. The Waverly Press, Balt., MD.
King, J., A. Toole, and K. Fuglie. 2012. “The Complementary Roles of the Public and Private Sectors in U.S. Agricultural Research and Development.” Economic Brief No. (EB-19) 8 pp. United States Department of Agriculture, Economic Research Service. https://www.ers.usda.gov/publications/pub-details/?pubid=42861
Kristoffersen, Eivind, Fenna Blomsma, Patrick Mikalef, and Jingyue Li. 2020. “The Smart Circular Economy: A Digital-Enabled Circular Strategies Framework for Manufacturing Companies. Journal of Business Research 120:241–261, ISSN 0148-2963. https://doi.org/10.1016/j.jbusres.2020.07.044.
Li, Q., and W. Pizer. 2021. Discounting for public benefit-cost analysis. Resources for the Future. https://www.rff.org/publications/issue-briefs/discounting-for-public-benefit-cost-analysis/
Martins, V. W. B., I. S. Rampasso, R. Anholon, O. L. G. Quelhas, and W. Leal Filho. 2019. Knowledge Management in the Context of Sustainability: Literature Review and Opportunities for Future Research. Journal of Cleaner Production 229:489–500, ISSN 0959-6526. https://doi.org/10.1016/j.jclepro.2019.04.354.
Nelson, Kelly P. and Keith Fuglie. 2022. “Investment in U.S. Public Agricultural Research and Development has Fallen by a Third Over Past Two Decades, Lags Major Trade Competitors.” Amber Waves United States Department of Agriculture, Economic Research Service. https://www.ers.usda.gov/amber-waves/2022/june/investment-in-u-s-public-agricultural-research-and-development-has-fallen-by-a-third-over-past-two-decades-lags-major-trade-competitors/
Nin-Pratt, A., and E. Magalhaes. 2018. Revisiting rates of return to agricultural R&D investment. IFPRI discussion papers 1718, International Food Policy Research Institute (IFPRI). http://ebrary.ifpri.org/cdm/ref/collection/p15738coll2/id/132370
Pardey, P., C. Chan-Kang, S. Dehmer, et al.2016. “Agricultural R&D is on the move.” Nature 537:301–303. https://doi.org/10.1038/537301a
Peterson H. H., G. DiGiacomo, C. D. Court, M. Miller, G. Oliveira, A. W. Stevens, et al. 2023. “Impacts of COVID-19 on US Agri-Food Supply Chain Businesses: Regional Survey Results.” PLoS ONE 18 (2): e0281930. https://doi.org/10.1371/journal. pone.0281930.
Rao, X., T. M. Hurley, and P. G. Pardey. 2020. “Recalibrating the Reported Returns to Agricultural R&D: What if we all heeded Griliches?” Australian Journal of Agricultural and Resource Economics 64 (3): 977–1001. https://doi.org/10.1111/1467-8489.12388
Rao, X., Hurley, T. M., and Pardey, P. (2019). Are agricultural R&D returns declining and development dependent? World Development, 122, 27–37. https://doi.org/10.1016/j.worlddev.2019.05.009
Rhemann, M. K. 2017. “A Futurist Revisit to the ‘Value Chain’” Journal of Futures Studies, 21(3): 25–34..
University of Florida/IFAS. (no date). UF/IFAS Pathway to Creating Engagement Through Innovation and Excellence Retrieved May 21, 2024.
U.S. Department of Agriculture (USDA). 2022. USDA Agri-Food Supply Chain Assessment: Program and Policy Options for Strengthening Resilience, February. https://www.ams.usda.gov/supply-chain
U.S. Department of Agriculture (USDA). 2023. USDA Science and Research Strategy, 2023–2026 Cultivating Scientific Innovation, May. https://www.usda.gov/sites/default/files/documents/usda-science-research-strategy.pdf
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Copyright (c) 2024 UF/IFAS