The Institute currently has the following projects underway:
Private RD&E is a key component of innovation and productivity in the agriculture sector. A crucial feature of RD&E is that benefits are not wholly appropriated by the investing firms. ‘Knowledge spillovers’ accrue to rival firms and consumers benefit from cheaper and better quality products. For a domestic agricultural sector, a thriving private research hub can also mean more jobs, investment, and more competitive local agriculture industry. All OECD governments intervene in the market by providing additional incentives for private R&D plus many more, including China.
This project aims to establish the type of policy measures and resources Australian agriculture needs to boost private RD&E. The project includes a review of available private RD&E data and measures currently employed here and overseas. The main part of the project will include a series of 20 interviews with heads of agribusiness operating throughout the industry including chemical, seed and machinery suppliers, and processes. The project is being supported by the GRDC, Dairy Australia, Cotton CRC and Meat and Livestock Australia.
Determining the Right Level of Research, Development & Extension Investment for the Australian Agriculture Sector
R,D&E investment has long been recognised as a primary driver of productivity increase and in turn, the national competitiveness of the agriculture sector. However, determining the return on investment and the optimal level of expenditure has proven difficult. Current funding levels from levy payers and governments involve significant uncertainty and deference to wider opinion. The objective of this project is to develop a decision-making framework that can be utilised by industry to make decisions on appropriate levels of investment in agricultural research and development.
This project is supported by funding from the Australian Government Department of Agriculture and Water Resources as part of its Rural R&D for Profit programme. The P2D project involves all Rural Research and Development Corporations, and is focused on three main aims:
- Facilitating the development of digital technology in Australian agriculture.
- Fostering the establishment of appropriate legal frameworks, data systems and access to critical datasets.
- Identifying the data communications systems required to deliver the benefits of digital agriculture to the Australia farm and agribusiness sectors.
This project has involved the compilation of a database on Australian and world agricultural trade statistics, and the compilation of a review of the annual trade performance of Australian agriculture. The second review has now been completed and published, and the database updated.