Economic assessment of six research, development and extension investments by the Department of Agriculture and Fisheries (Queensland)

Abstract

This report presents the results of a series of cost-benefit analyses (CBA) of completed research, development and extension (RD&E) investments made by the Department of Agriculture and Fisheries, Queensland (DAF).
DAF required an analysis of six project and project cluster investments. The project and project cluster investments were:
- Investment 1: Avocado Cluster (Project Investments AV14000 and AV17005)
- Investment 2: Engineered Wood Products (Project Investment PNB 407-1516: Increasing the value of under-utilised forest resources through the development of advanced engineered wood products)
- Investment 3: Food Cluster (ten food-oriented RD&E project investments spanning the period 2016/17 to 2020/21)
- Investment 4: FutureBeef (Project Investments E.INV.1412 and L.GBF.1802)
- Investment 5: Supply Chain Model – Asian Markets (Project Investment AM15002: Serviced supply chains: Monitoring and modelling to improve the quality of Australian fresh produce into Asian markets)
- Investment 6: Wambiana (a long-term, ongoing investment comprised of nine discrete investments funded over the period 1995/96 to 2020/21)