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Research Call

DAFM Reference

Lead(Collaborating)Institution

DAFM Award

DAFM National Call 2014 14 S 875 Teagasc (NUIG) €191,578

Project Title:

Total Factor Productivity of Irish Agriculture: Measurement, Sources and Comparisons

Project Coordinator:

Dr. Kevin Hanrahan

Project Abstract

There is an acknowledged dearth of regular, consistent and reliable information about the total factor productivity (TFP) growth performance of the Irish (and EU) agricultural sector and sub-sectors. The primary objective of this project is to establish a standardised measure of TFP that will be capable of being updated and published annually using Teagasc National Farm Survey (NFS) data and data from the Central Statistics Office (CSO). This TFP indicator series will be an important economic performance indicator for the sector as a whole. This research will also examine the determinants of historical productivity performance at sectoral and sub-sectoral levels and undertake a comparative analysis of Irish agriculture’s TFP performance internationally. The knowledge based bio-economy is predicated on the idea of productivity augmenting knowledge adoption by farmers and other economic agents within the agricultural sector. The achievement of smart and green growth, that is growth at what Ricardo called the intensive rather than the extensive margin, will be critical if Irish agriculture is to successfully meet the challenges it faces. Knowledge of how agriculture is performing in terms of productivity growth (as measured by total factor productivity indices) will be critical in framing policies designed to improve the economic and environmental sustainability of Irish agriculture. EU agricultural policy continues to become more market orientated and simultaneously more focused on the environment. Growing agricultural incomes, while maintaining the environmental sustainability of Irish agriculture (within a policy environment in which income supports will remain decoupled from production) will require increased emphasis on improving the productivity performance of the Irish agricultural sector.

Final Report:

Not available yet.