ASTI Global Assessment - Global Private Spending
Global agricultural R&D spending by the public and private sectors combined totaled 40.1 billion PPP dollars in 2008. Of this, 79 percent (31.7 billion PPP dollars) was performed by the public sector, and 21 percent (8.3 billion PPP dollars) by the private sector. Including R&D related to food processing—which is actually classified as manufacturing, not agriculture—private investment amounted to 18.2 billion PPP dollars in 2008, an increase of 26 percent over 2000 levels. Most private-sector R&D was undertaken by companies in OECD countries, although many maintain experiment stations in developing countries to facilitate the transfer of technologies to these markets. Evidence suggests significant growth in the conduct of private agricultural R&D in large middle-income countries such as China and India.