Within the Australian economy, productivity growth in agriculture, fisheries and forestry sector has been around 3 times that in the economy as a whole (ABS, 2007) and has markedly outpaced the decline in the terms of trade facing farmers over the past 15 years. International comparisons are difficult to make but the evidence available suggests that Australian agriculture has performed well against the agricultural sectors of most other counties (Mullen, 2007, Mullen and Crean, 2007, Mullen, 2009).The objectives of this paper are to briefly review trends in productivity growth and then examine recent trends in investment in R&D both in terms of total investment, how it is being funded and where it is being undertaken. Scenarios are developed which assess the potential contribution of domestic investment in R&D to productivity growth in agriculture. This paper updates a paper by Mullen and Orr (2007).
|Number of pages||12|
|Journal||Australasian Agribusiness Review|
|Publication status||Published - 2010|