The gains from pasture research in Australia : an economic analysis of research in the C.S.I.R.O. Division of Plant Industry

Abstract

The primary aim of this study was to estimate rates of return on investment in pasture research for a number of regions in Australia where the C.S.I.R.O. Division of Plant Industry has carried out research into improved pastures. As well, an investigation was carried out into the economic criteria underlying research decisions in the Division of Plant Industry. In undertaking this study it was also hoped to gain some insights into the economic factors which determine the returns from agricultural research.