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Rural research, development and extension investment in Australia

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Created 24/05/2018

Updated 13/11/2024

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Overview
Research, development and extension (RD&E) is central to the competitiveness of Australia's agriculture industry. Growth in investment pushed the value of RD&E funding in Australia to $3.3 billion in 2014-15. Funding for rural R&D increased from $2.6 billion ten years before, in real terms. This includes public and private investment related to primary production, sustainable resource use, agricultural inputs and the processing sector.

Key Issues Public sector delivering the R&D building blocks

• The public sector remains the largest overall source of rural R&D funding. Public funding for rural R&D increased from $1.4 billion to $1.54 billion (in real terms). This growth was driven by growth in funding from the Australian Government and universities, which offset a decline in funding from the state and territory governments. The public sector plays an important role in funding R&D particularly longer-term fundamental research.

Private sector funding boosting R&D investment

• The private sector funding grew strongly over the ten years examined and now plays a greater role in funding rural R&D. Total private R&D funding increased from $912 million in 2005-06 to $1.46 billion in 2014-15 in real terms. Greater private funding stemmed from private firms increasing investment in their own R&D, with slower growth in contributions to the rural Research and Development Corporations (RDCs).

Based on recent trends in Australia and internationally, the private sector has the potential to play a greater role in Australian R&D investment. The private sector concentres on marketable technologies like those related to seeds or chemicals that are more likely to generate additional profits. However, growth in private sector investment is not guaranteed and will depend on both the expected return on R&D investment and the international competitiveness of our R&D providers.

Extending the ideas

• Getting innovations out of the laboratory and in to the field and factory is also essential to lift producer efficiency. Total rural extension funding is estimated at $316 million in 2014-15. Just under half of this funding was provided by the private sector through farm advisors to boost farm profitability.

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Additional Info

Field Value
Title Rural research, development and extension investment in Australia
Language English
Licence Creative Commons Attribution 4.0 International
Landing Page https://devweb.dga.links.com.au/data/dataset/79c4dd63-89ba-4435-af5b-7075c8e59594
Contact Point
Australian Bureau of Agriculture and Resource Economics and Sciences
dataman@agriculture.gov.au
Reference Period 21/09/2017
Geospatial Coverage Australia
Data Portal data.gov.au

Data Source

This dataset was originally found on data.gov.au "Rural research, development and extension investment in Australia". Please visit the source to access the original metadata of the dataset:
https://devweb.dga.links.com.au/data/dataset/pb_mrrdia9aas20170921