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With the growing competition for Federal dollars, the land grant universities were asked to justify their budget to the Congress and the Office of Management and Budget using benefitcost analysis. The authors review previous studies of returns to agricultural research and present an analysis of...
Persistent link: https://www.econbiz.de/10010882090
The focus of this analysis is to measure, by use of production functions, the contribution to total output of not only the quantity of traditional inputs (land, labor, fertilizer, etc.), but also the quality of certain inputs, particularly irrigation; technology; environmental factors (soil...
Persistent link: https://www.econbiz.de/10005501016
Persistent link: https://www.econbiz.de/10005501028
This paper briefly reviews approaches that have been used to assess returns to U.S. agricultural research and explains the usefulness of benefit cost analysis in such evaluations. Benefit-cost analysis is applied to the Land Grant Universities federal budget requests for additional funds for...
Persistent link: https://www.econbiz.de/10005338492
Persistent link: https://www.econbiz.de/10003534953