Agricultural Knowledge, Science and Technology: Investment and Economic Returns | 515

Table 8-11. Rates of return by commodity orientation

 

Commodity orientation

Number of observations

Rate of return

Mean

Mode

Median

Minimum

Maximum

 

(count)

(percentage)

Multicommoditya

436

80.3

58.0

47.1

-1.0

1,219.0

 

 

(110.7)

 

 

 

 

All agriculture

342

75.7

58.0

44.0

-1.0

1,219.0

 

 

(110.9)

 

 

 

 

Crops and

80

106.3

45.0

59.0

17.0

562.0

livestock

 

(115.5)

 

 

 

 

Unspecified15

14

42.1

16.4

35.9

16.4

69.2

 

 

(19.8)

 

 

 

 

Field cropsc

916

74.3

40.0

43.6

-100.0

1,720.0

 

 

(139.4)

 

 

 

 

Maize

170

134.5

29.0

47.3

-100.0

1,720.0

 

 

(271.2)

 

 

 

 

Wheat

155

50.4

23.0

40.0

-47.5

290.0

 

 

(39.4)

 

 

 

 

Rice

81

75.0

37.0

51.3

11.4

466.0

 

 

(75.8)

 

 

 

 

Livestockd

233

120.7

14.0

53.0

2.5

5,645.0

 

 

(481.1)

 

 

 

 

Tree cropse

108

87.6

20.0

33.3

1.4

1,736.0

 

 

(216.4)

 

 

 

 

Resourcesf

78

37.6

7.0

16.5

0.0

457.0

 

 

(65.0)

 

 

 

 

Forestry

60

42.1

7.0

13.6

0.0

457.0

 

 

(73.0)

 

 

 

 

All studies

1,772

81.2

46.0

44.0

-100.0

5,645.0

 

 

(216.1)

 

 

 

 

 

Notes: See Table 8-10. Standard deviations are given in parentheses. Sample excludes two extreme outliers and includes only returns to research only and combined research and extension, so that the maximum sample size is 1,772. In some instances further observations were lost owing to incomplete information on the specific characteristics of interests.
Includes research identified as all agriculture or crops and livestock, as well as unspecified. Includes estimates that did not explicitly identify the commodity focus of the research
cIncludes all crops, barley, beans, cassava, sugar cane, groundnuts, maize, millet, other crops, pigeon pea or chickpea, potato, rice sesame, sorghum and wheat.
dIncludes beef, swine, poultry, sheep or goats, all livestock, dairy, other livestock, pasture, dairy and beef. Includes other tree and fruit and nuts. Includes fishery and forestry. Source: Alston et al., 2000a.