The use of return analysis for agricultural research priority setting: Examples from Uganda
1994
Laker-Ojok, R. (Michigan State University, Michigan (USA). Department of Agricultural Economics)
Cost benefit anlysis was used to analyze the rate of return (ROR) to agricultural research on maize and oilseeds in Uganda. The culculation of ROR was essentially an en-ante analysis. Because the new varieties of maize, soybeans and sunflower have only been released in 1991 and those of groundnuts and sesame are still in the pipeline, the study compared the known cost of research in recent years with projected future benefits. This required prediction of farmers adoption response, market conditions and institutional support for technology transfer. The estimated ROR to maize research ranged from 27.3 to 50.6 while that of sunflower varied from 10.3 to 65.8 depending on assumption of the scenario. The ROR to soybeans were the lowest, from -6 to 9.6, that to sesame ranged from 15.3 to 49, and that to groundnut ranged from 23.1 to 44.4. The primary conclusion of the ROR study was that the potential returns to agricultural research are excellent even though Uganda has a history of instability and despite the high costs of physical rehabilitation, training and extension
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