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USDA RELEASES REPORT SHOWING PUBLIC AGRICULTURAL R&D'S HAS DECLINED 30% IN RECENT YEARS
Aug. 15, 2022
Source: USDA news release
Spending on agricultural research and development (R&D) comes from private and public sources. Public R&D, however, has traditionally been the primary source directly oriented toward improving farm technology and productivity.
Since the early 2000s, expenditures have declined in real terms for agricultural R&D performed by public institutions, including USDA laboratories, land grant universities, and other cooperating institutions. Researchers with USDA's Economic Research Service (ERS) found that R&D expenditures are now only slightly above the 1970 level of about $5 billion and well below the 2002 peak of just under $8 billion (constant 2019 dollars).
Research expenditures were adjusted for inflation using the National Institutes of Health's Biomedical Research and Development Price Index (BRDPI).
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