Abstract
This paper summarizes the estimates of the total changes in sales, expenses, and income of participants of the horticulture research and extension programs at the Mississippi State University—Coastal Research and Extension Center for the past five years. Major items outline the estimation procedures for the past five years. The average annual values were used in estimating the total economic impacts of added gross sales, expenses, and incomes of participants in horticulture events. The cumulative total impacts reach USD 8.7 million in sales, 76 jobs, USD 1.4 million in labor income, USD 2.4 million in value-added, and USD 0.4 million in local, state, and federal taxes. In addition, the total willingness to pay for the horticulture program by the adult participants reached USD 1.8 million. In comparison, the annual public spending on the horticulture program averaged USD 1.4 million, creating additional substantial economic impacts to the region.
Highlights
Coastal Research and Extension Center for the past five years
The overall goal of this paper is to present a quantitative assessment of the economic impacts of the horticultural research and extension programs at the Mississippi State
Among the OHFD attendees, 93% applied new information learned during the last five years to their households, 19% applied it to their research and extension projects, 16% applied it to their non-profit organizations, and 7% applied it to their private businesses [1]
Summary
Coastal Research and Extension Center for the past five years. Major items outline the estimation procedures for the past five years. As agricultural research budgets are being subjected to strict scrutiny, research centers or programs need to show that they are worth the investment of state, federal, or industry funds [2]. This is especially so under “significant downsizing of public support for agricultural research and development (R&D) and a major decline in the share of that research devoted to preserving or promoting productivity growth” [3]. The benefits from past public investments in agricultural research have been worth many times more than the costs [5]. The sequence of extension impact can be described as follows [6]: (1) extension information along with information from other sources is shared, (2) knowledge formation leads
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