Agricultural Research and Development: Public and Private Investments underAlternative Markets and Institutions, May 1996

摘要

Empirical studies indicate high economic returns from the public investment inagricultural research. Yet, even as society is placing broader demands on the research system, taxpayer support for public agricultural research is unlikely to increase. Stronger ownership rights for intellectual property have increased incentives for private investment in agricultural research, but key elements still require direct public support. The USDA is developing new mechanisms to build a more effective public-private partnership in agricultural research.