There has always been a broad consensus among economists that investments in research and development (R&D) fuel the engine of economic growth. This consensus is based on the findings of hundreds of studies on the role of R&D on productivity. This is especially true for the food and agricultural sectors—particularly for public R&D funding targeted to agricultural productivity.
Why is public sector funding needed? Because farming is a highly competitive industry in which single-farm businesses cannot usually fund adequately,…
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