Updating the evidence base on the relationship between R&D spend and agricultural productivity in the UK

Abstract

A quantitative and qualitative research aimed at providing a better understanding of how R&D expenditure, through the FIP, will impact Total Factor Productivity (TFP) in the UK agricultural sector and what return on investment will be achieved through different levels of spend. The key objectives of the research were to: 1.Update the understanding of the relationship between R&D spending in the agricultural sector and agricultural productivity. 2.Undertake a review of literature, including international comparisons, case studies and lessons learned, to identify the key elements that are required in a scheme design or the agricultural market itself to ensure on-farm R&D trials can be mass-adopted, and productivity improvements are seen beyond a handful of farms.

Description

quantitative and qualitative reA search aimed at providing a better understanding of how R&D expenditure, through the FIP, will impact Total Factor Productivity (TFP) in the UK agricultural sector