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Economic issues in agricultural research priority setting

Economic issues in agricultural research priority setting

American Journal of Agricultural Economics 74(5): 1089-1094

The demand for improved priority-setting procedures to assist in strategic decision making is rising, and agricultural economists are frequently asked to provide input on methods or process. The issues that have proven particularly troublesome for those involved in priority-setting studies are specifying weights on objectives for a research system, measuring research performance against objectives, and combining weighted objectives with measures of research performance. Although significant progress has been made in sorting out means for trading off objectives and measuring research benefits, methods of measuring the size of the supply shift and the effects of noncommodity research need work. Quantitative procedures can be helpful at the strategic level, but overly quantitative priority-setting may be counterproductive at the project level, where simple peer-review could prove more cost effective. Responses to this view of priority-setting are provided.

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Accession: 002351894

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DOI: 10.2307/1242762

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