Economic Returns to Yield-increasing Research on Wheat in Western Canada |
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| Authors: | K K Klein B Freeze Allan M Walburger |
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| Institution: | Department of Economics, University of Lethbridge, Lethbridge, AB, T1K 3M4.;Agriculture and Agri-Food Canada, Lethbridge Research Centre, Lethbridge, AB, T1J 4Bl. |
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| Abstract: | A multi-sector mathematical programming model of Canadian agriculture (CRAM) is employed to determine the rate of return to yield-increasing research on wheat conducted during 1962–91. The estimated internal rate of return to yield-increasing research ranged between 27% and 31% for the low wheat price scenarios. It was higher at 34–39% for the high wheat price scenarios. Producers captured 80–90% of the benefits. The results support the magnitude of estimated economic benefits reported in previous studies. |
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