An Economic Evaluation of Investment in the Rice R&D Program

  • 139 pages

  • Published: 6 Sep 2016

  • Author(s): Research, Agtrans

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The Rice Research and Development (R&D) Program invests in projects targeted at the Australian rice industry and is part of the Rural Industries Research and Development Corporation (RIRDC) portfolio that addresses plant industries in the rural sector. The Rice R&D Program is funded by statutory levies paid by industry participants and which are matched on a dollar for dollar basis by the Australian Government.

The purpose of the economic analyses of RIRDC investments is to assist with portfolio management. In that regard, RIRDC conducts impact evaluations of its programs as they near the end of their five-year plan. This process not only provides accountability to the RIRDC Board, its levy paying industries and Government, but also can be used as an input into the development of the next five-year plan should program investment be continued.