Using the Economic Surplus Model to Measure Potential Returns to International Livestock Research

Using the Economic Surplus Model to Measure Potential Returns to International Livestock Research

Author: Patricia Kristjanson

Publisher: ILRI (aka ILCA and ILRAD)

Published: 1999-01-01

Total Pages: 37

ISBN-13: 9291460540

DOWNLOAD EBOOK

This study has developed a methodology that builds on the approach to measuring agricultural research returns suggested by Alston et al (1995). We have integrated a herd model to measure the potential size of impact of a new technology, GIS, to predict where this impacts is likely to be felt, and the economic surplus model to estimate some of the costs of trypanosomosis, the potential benefits of controlling it, and potential returns to vaccine research. The advantage of this approach is that it uses field data and GIS analysis to determine where and how much impact research will have on livestock productivity, rather than 'guesstimates' by researchers, as has often been done in previous studies of returns to agricultural research. It is an approach, however, that requires much data and the type of information that is still scarce in many developing countries. This includes evidence of the productivity impacts of a given livestock technology at the herd, rather than individual animal level, and access to GIS data at the lowest adminstrative level possible (e.g. district). Ideally, household level survey data are used to complement the GIS data and verify the recommendation domain. Thus this approach will be enhanced in future analyses by the availability of a wider range of data collected at the household level from different livestock production systems to examine more closely the question 'Impact on whom?'


Book Synopsis Using the Economic Surplus Model to Measure Potential Returns to International Livestock Research by : Patricia Kristjanson

Download or read book Using the Economic Surplus Model to Measure Potential Returns to International Livestock Research written by Patricia Kristjanson and published by ILRI (aka ILCA and ILRAD). This book was released on 1999-01-01 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study has developed a methodology that builds on the approach to measuring agricultural research returns suggested by Alston et al (1995). We have integrated a herd model to measure the potential size of impact of a new technology, GIS, to predict where this impacts is likely to be felt, and the economic surplus model to estimate some of the costs of trypanosomosis, the potential benefits of controlling it, and potential returns to vaccine research. The advantage of this approach is that it uses field data and GIS analysis to determine where and how much impact research will have on livestock productivity, rather than 'guesstimates' by researchers, as has often been done in previous studies of returns to agricultural research. It is an approach, however, that requires much data and the type of information that is still scarce in many developing countries. This includes evidence of the productivity impacts of a given livestock technology at the herd, rather than individual animal level, and access to GIS data at the lowest adminstrative level possible (e.g. district). Ideally, household level survey data are used to complement the GIS data and verify the recommendation domain. Thus this approach will be enhanced in future analyses by the availability of a wider range of data collected at the household level from different livestock production systems to examine more closely the question 'Impact on whom?'


ILRI 1999

ILRI 1999

Author: International Livestock Research Institute

Publisher: ILRI (aka ILCA and ILRAD)

Published: 2000-01-01

Total Pages: 90

ISBN-13: 9789291460809

DOWNLOAD EBOOK


Book Synopsis ILRI 1999 by : International Livestock Research Institute

Download or read book ILRI 1999 written by International Livestock Research Institute and published by ILRI (aka ILCA and ILRAD). This book was released on 2000-01-01 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt:


ILRI Annual Project Progress Reports 1997

ILRI Annual Project Progress Reports 1997

Author: International Livestock Research Institute

Publisher: ILRI (aka ILCA and ILRAD)

Published:

Total Pages: 306

ISBN-13:

DOWNLOAD EBOOK


Book Synopsis ILRI Annual Project Progress Reports 1997 by : International Livestock Research Institute

Download or read book ILRI Annual Project Progress Reports 1997 written by International Livestock Research Institute and published by ILRI (aka ILCA and ILRAD). This book was released on with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Genetic Enhancement of Sorghum and Millet Residues Fed to Ruminants

Genetic Enhancement of Sorghum and Millet Residues Fed to Ruminants

Author: Patricia Kristjanson

Publisher: ILRI (aka ILCA and ILRAD)

Published: 1999-01-01

Total Pages: 60

ISBN-13: 9789291460533

DOWNLOAD EBOOK

The estimated present value (US$42 million) of the proposed ILRI/ICRISAT/NARS collaborative research project on genetic improvement of millet and sorghum crop residues indicates fairly attractive returns, even with the cautious assumption made about likely adoption rates and the scope of the benefits (i.e. only meat and milk production in cattle in India). The estimated IRR to this research investment (28%) can be compared to market rates on alternative investments. Most longer-run, low-risk, private-sector investments yield rates of return three times as high as alternative investments. However, this raises the question of what is an appropriate rate of return to expect from 'public'good' type of investment such as the investment in international development oriented research. The same methodological approach was recently used (Kristjanson et al 1999) to estimate potential returns to a similary challenging crop-livestock research area, a vaccine against potential returns to a similarly challenging crop-livestock research area, a vaccine against trypanosomosis (a serious livestock disease that poses the greatest development constraint to mixed livestock-crop systems across Africa). Potential returns to this research were estimated at US$ 118 million, with an IRR of 25%, and a benefit:cost ratio of 15:1. In a comparison of predicted rates of return across 5 crop-livestock related research areas at ILRI, potential research benefits were estimated to outweigh the costs of the research by between 9 and 37 times. Returns of similar magnitudes have also been estimated for other crop improvement research. In an economic analysis of returns to 15 research themes at the Centro International de la Papa (CIP) the NPVs ranged from US$ 1 million to US$ 195 million (average US$ 67 million), with IRRs ranging from 13% to 51% (Walker and Collion 1997). ICRISAT ranked returns to 110 different research areas as part of their research priority-setting process several years ago. The average NPV, net benefit:cost ratio and IRR for the top 20 of those were US$ 61 million (with a range from US$ 8 million to US$ 265 million), 52:1 and 39%, respectively (Kelley et al 1995). Thus it appears that the magnitude of returns predicted in this study are very much in line with returns to similar research investments.


Book Synopsis Genetic Enhancement of Sorghum and Millet Residues Fed to Ruminants by : Patricia Kristjanson

Download or read book Genetic Enhancement of Sorghum and Millet Residues Fed to Ruminants written by Patricia Kristjanson and published by ILRI (aka ILCA and ILRAD). This book was released on 1999-01-01 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: The estimated present value (US$42 million) of the proposed ILRI/ICRISAT/NARS collaborative research project on genetic improvement of millet and sorghum crop residues indicates fairly attractive returns, even with the cautious assumption made about likely adoption rates and the scope of the benefits (i.e. only meat and milk production in cattle in India). The estimated IRR to this research investment (28%) can be compared to market rates on alternative investments. Most longer-run, low-risk, private-sector investments yield rates of return three times as high as alternative investments. However, this raises the question of what is an appropriate rate of return to expect from 'public'good' type of investment such as the investment in international development oriented research. The same methodological approach was recently used (Kristjanson et al 1999) to estimate potential returns to a similary challenging crop-livestock research area, a vaccine against potential returns to a similarly challenging crop-livestock research area, a vaccine against trypanosomosis (a serious livestock disease that poses the greatest development constraint to mixed livestock-crop systems across Africa). Potential returns to this research were estimated at US$ 118 million, with an IRR of 25%, and a benefit:cost ratio of 15:1. In a comparison of predicted rates of return across 5 crop-livestock related research areas at ILRI, potential research benefits were estimated to outweigh the costs of the research by between 9 and 37 times. Returns of similar magnitudes have also been estimated for other crop improvement research. In an economic analysis of returns to 15 research themes at the Centro International de la Papa (CIP) the NPVs ranged from US$ 1 million to US$ 195 million (average US$ 67 million), with IRRs ranging from 13% to 51% (Walker and Collion 1997). ICRISAT ranked returns to 110 different research areas as part of their research priority-setting process several years ago. The average NPV, net benefit:cost ratio and IRR for the top 20 of those were US$ 61 million (with a range from US$ 8 million to US$ 265 million), 52:1 and 39%, respectively (Kelley et al 1995). Thus it appears that the magnitude of returns predicted in this study are very much in line with returns to similar research investments.


Food Security in Sub-Saharan Africa to 2020

Food Security in Sub-Saharan Africa to 2020

Author: Simeon Ehui

Publisher: ILRI (aka ILCA and ILRAD)

Published: 2002-01-01

Total Pages: 64

ISBN-13: 9789291461257

DOWNLOAD EBOOK


Book Synopsis Food Security in Sub-Saharan Africa to 2020 by : Simeon Ehui

Download or read book Food Security in Sub-Saharan Africa to 2020 written by Simeon Ehui and published by ILRI (aka ILCA and ILRAD). This book was released on 2002-01-01 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Accessions List of the Library of Congress Office, Nairobi, Kenya

Accessions List of the Library of Congress Office, Nairobi, Kenya

Author: Library of Congress. Library of Congress Office, Nairobi, Kenya

Publisher:

Published: 2002

Total Pages: 208

ISBN-13:

DOWNLOAD EBOOK


Book Synopsis Accessions List of the Library of Congress Office, Nairobi, Kenya by : Library of Congress. Library of Congress Office, Nairobi, Kenya

Download or read book Accessions List of the Library of Congress Office, Nairobi, Kenya written by Library of Congress. Library of Congress Office, Nairobi, Kenya and published by . This book was released on 2002 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Agricultural Research at the Crossroads

Agricultural Research at the Crossroads

Author: Bo M I Bengtsson

Publisher: CRC Press

Published: 2019-09-17

Total Pages: 324

ISBN-13: 042952661X

DOWNLOAD EBOOK

It is necessary to integrate field data relevant to policy with a global overview with up-to-date information for synthesis into scenarios and a vision of how future research and development in agriculture can best help those who are most needy and have little access to productive resources. The overall task is a huge challenge for policy-makers and the agricultural research establishment. It is also of concern in teaching agricultural students to be able to respond to future challenges. This publication is an attempt to stimulate discussion on future options of research policy, suggesting changes of agricultural R&D for societal development in accordance with the Millennium Development Goals.


Book Synopsis Agricultural Research at the Crossroads by : Bo M I Bengtsson

Download or read book Agricultural Research at the Crossroads written by Bo M I Bengtsson and published by CRC Press. This book was released on 2019-09-17 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is necessary to integrate field data relevant to policy with a global overview with up-to-date information for synthesis into scenarios and a vision of how future research and development in agriculture can best help those who are most needy and have little access to productive resources. The overall task is a huge challenge for policy-makers and the agricultural research establishment. It is also of concern in teaching agricultural students to be able to respond to future challenges. This publication is an attempt to stimulate discussion on future options of research policy, suggesting changes of agricultural R&D for societal development in accordance with the Millennium Development Goals.


Assessment of Priorities to 2010 for the Poor and the Environment

Assessment of Priorities to 2010 for the Poor and the Environment

Author:

Publisher: ILRI (aka ILCA and ILRAD)

Published: 2000-01-01

Total Pages: 128

ISBN-13: 9291460745

DOWNLOAD EBOOK


Book Synopsis Assessment of Priorities to 2010 for the Poor and the Environment by :

Download or read book Assessment of Priorities to 2010 for the Poor and the Environment written by and published by ILRI (aka ILCA and ILRAD). This book was released on 2000-01-01 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Genetically Improved Dual-purpose Cowpea

Genetically Improved Dual-purpose Cowpea

Author:

Publisher: ILRI (aka ILCA and ILRAD)

Published: 2002-01-01

Total Pages: 70

ISBN-13: 929146127X

DOWNLOAD EBOOK


Book Synopsis Genetically Improved Dual-purpose Cowpea by :

Download or read book Genetically Improved Dual-purpose Cowpea written by and published by ILRI (aka ILCA and ILRAD). This book was released on 2002-01-01 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Crop-livestock Economies in the Semi-arid Tropics

Crop-livestock Economies in the Semi-arid Tropics

Author: P. Parthasarathy Rao

Publisher:

Published: 2005

Total Pages: 76

ISBN-13:

DOWNLOAD EBOOK


Book Synopsis Crop-livestock Economies in the Semi-arid Tropics by : P. Parthasarathy Rao

Download or read book Crop-livestock Economies in the Semi-arid Tropics written by P. Parthasarathy Rao and published by . This book was released on 2005 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: