AgEcon Search (University of Minnesota, USA) · 1996 · 199 citations · 0 references
Public AffairsAgricultural EconomicsPublic PolicyAgricultural PolicyIntellectual PropertyPublic InvestmentAgricultural Policy AnalysisIntellectual Property PolicyIntellectual Property RightsPublic Research InstitutionsResearch CommercializationResearch PolicyAgricultural Investment PolicyIntellectual Property FinancingPrivate Investment IncentivesPublic Policy SupportPublic-private Partnership DevelopmentPublic-private Partnership InvestmentPublic-private Research PartnershipsResearch And Innovation Funding
mpirical studies indicate high economic returns from the public's investment in agricultural 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.