The leaders and members of CAST appreciate the opportunity to participate in these important discussions regarding the agricultural research system. The membership of CAST includes 33 major food and agricultural professional and scientific societies. All told, more than 120,000 members belong to these societies. Thus, CAST has a keen interest in the nation's agricultural research system, and I might emphasize, a unique perspective on the issue under discussion today. The Benefits of the Public Investment in Agricultural Research High rates of return Some of the questions sent by the Committee suggest that there is some dispute about the actual levels of return on the investment in public research on agricultural issues.
American citizens enjoy an inexpensive, abundant, nutritious, and diverse food supply.
Trade in American agricultural products has remained a consistent source of strength in our balance of trade, while other sectors of the economy have fluctuated. The public good While research and extension have played a dramatic role in reducing farm costs and increasing production efficiency and competitiveness, the returns on this investment are not limited solely to production agriculture. The benefits accrue directly to the public. When the abundance, nutritiousness, diversity and safety of our food supply are considered, no other nation can match us. However, the citizens of this nation must not be lulled into taking this for granted.