Research Investments and Market Structure in the Food Processing, Agricultural Input, and Biofuel Industries Worldwide

Fuglie, Keith O./ Heisey, Paul W./ King, John L./ Pray, Carl E./ Day-Rubenstein, Kelly/ Schimmelpfennig, David/ Wang, Sun Ling/ Karmarkar-Deshmukh, Rupa

ISBN 10: 1477610855 / ISBN 13: 9781477610855

Published by CreateSpace Independent Publishing Platform, 2012

About this Item

146 pages. 11.00x8.50x0.35 inches. This item is printed on demand.

Seller Inventory # zk1477610855

Bibliographic Details

• Title: Research Investments and Market Structure in the Food Processing, Agricultural Input, and Biofuel Industries Worldwide
• Publisher: CreateSpace Independent Publishing Platform
• Publication Date: 2012
• Language: English
• ISBN 10: 1477610855
• ISBN 13: 9781477610855
• Binding: Paperback
• Condition: Brand New

About this title

Synopsis

Meeting growing global demand for food, fi ber, 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 fi rms 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.