Research Investments and Market Structure in the Food Processing, Agricultural Input, and Biofuel Industries Worldwide
By K. Fuglie, P. Heisey, John Leslie King, Kelly A. Day-Rubenstein, D. Schimmelpfennig, S. Wang. 2012
164 citations recorded by the source corpus.
Meeting growing global demand for food, fiber, and biofuel requires robust investment in agricultural research and development (R&D) from both public and private sectors. This study examines global R&D spending by private industry in seven agricultural input sectors, food manufacturing, and biofuel and describes the changing structure of these industries. In 2007 (the latest year for which comprehensive estimates are available), the private sector spent $19.7 billion on food and agricultural research (56 percent in food manufacturing and 44 percent in agricultural input sectors) and accounted for about half of total public and private spending on food and agricultural R&D in high-income countries. In R&D related to biofuel, annual private-sector investments are estimated to have reached $1.47 billion worldwide by 2009. Incentives to invest in R&D are influenced by market structure and other factors. Agricultural input industries have undergone significant structural change over the past two decades, with industry concentration on the rise. A relatively small number of large, multinational firms with global R&D and marketing networks account for most R&D in each input industry. Rising market concentration has not generally been associated with increased R&D investment as a percentage of industry sales.
Subfields: General Agricultural and Biological Sciences, Plant Science
View Paper: https://www.semanticscholar.org/paper/9a5032a7a3d27fa86a73d5d501e7ff8b44dfaf7c
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In General Agricultural and Biological Sciences
In Plant Science
Citations in the corpus
- Mega-Mergers on the Menu: Corporate Concentration and the Politics of Sustainability in the Global Food System (2018, background): “Most corporate mergers in the sector at that time resulted from firms seeking access to seeds, genes, and the platform technologies needed to develop these integrated seed and agrochemical products (Fuglie et al. 2011).”
- R&D Capital, R&D Spillovers, and Productivity Growth in World Agriculture (2018, methodology): “9The R&D expenditure series assembled for this paper start in 1960, expect for a few countries (the United States, United Kingdom, Netherlands, Japan, Australia, New Zealand, and Mexico), which go back earlier.”
- Are Ideas Getting Harder to Find? (2020, background): “…sectors in the U.S. Data on private sector biological efficiency and crop protection R&D expenditures are from an updated USDA series based on Fuglie et al. (2011), with the distribution of expenditure by crop taken from Perrin et al. (1983), FernandezCornejo et al. (2004), Traxler et al.…”