ABSTRACT Public investments in agricultural research and development (R the US has fallen behind other major competitor nations in spending on agricultural R&D. Part of the decline in public agricultural R&D has been offset by increased R&D by the private companies, but private R&D is concentrated on a few commodities and underinvests in the foundational science needed to sustain long‐term growth and competitiveness for US agriculture. New approaches to public–private collaboration in agricultural R&D can strengthen the financing and performance of the US agricultural innovation system.
Keith O. Fuglie (Mon,) studied this question.