Measuring the potential returns to research, development and extension in the Australian grains industry

Abstract

The Australian grains industry is fundamental to the overall agricultural sector, comprising one of Australia’s largest category of food exports. Over recent decades, the grains industry has faced challenges. Its total factor productivity growth has slowed due to factors such as climate change, extreme weather events, declining research, development and extension, and slower adoption of new technologies. This has been coupled with greater competition in Australia’s main grain export markets. In order to increase productivity and maintain international competitiveness, greater and better-targeted investments in research, development and extension and market intelligence are required. Equili..