ECONOMIC RETURNS TO YIELD-INCREASING RESEARCH ON WHEAT IN WESTERN CANADA

Authors
KLEIN KK FREEZE B WALBURGER AM
Citation
Kk. Klein et al., ECONOMIC RETURNS TO YIELD-INCREASING RESEARCH ON WHEAT IN WESTERN CANADA, Canadian journal of agricultural economics, 44(3), 1996, pp. 207-218
Citations number
26
Categorie Soggetti
Economics,"AgricultureEconomics & Policy
Journal title
Canadian journal of agricultural economics → ACNP
ISSN journal
00083976
Volume
44
Issue
3
Year of publication
1996
Pages
207 - 218
Database
ISI
SICI code
0008-3976(1996)44:3<207:ERTYRO>2.0.ZU;2-W
Abstract
A multi-sector mathematical programming model of Canadian agriculture (CRAM) is employed to determine the rate of return to yield-increasing research on wheat conducted during 1962-91. The estimated internal ra te of return to yield-increasing research ranged between 27% and 31% f or the low wheat price scenarios. It was higher at 34-39% for the high wheat price scenarios. Producers captured 80-90% of the benefits. The results support the magnitude of estimated economic benefits reported in previous studies.