ERS Released New Funding Study
September 28, 2012
“The Complementary Roles of the Public and Private Sectors in U.S. Agricultural Research and Development,” written by John King, Andrew Toole and Keith Fuglie, was recently released by the U.S. Department of Agriculture’s Economic Research Service.
This brief examines the funding and performance of agricultural research and development (R&D) to assess the evolving roles of the public and private sectors in the U.S. agricultural research system. There is a clear, long-term trend toward greater private-sector funding and performance of R&D. In 2007, the private sector performed 53 percent of total food and agricultural research in the United States and privately funded R&D has grown faster than publicly funded R&D over the long term. Public-sector funders and performers of R&D play a largely complementary role by emphasizing social returns in the selection of research topics and valuing rapid and widespread disclosure of new knowledge.
The report is available at www.ers.usda.gov/media/913804/eb19.pdf.