Growing world population, global food demand and the lack of extensive factors of production push food and agriculture producers to find a new ways to increase output. According to USDA, private agriculture research and development (R&D) expenditures, increased from $6.9 billions in 2000 to $11 billions in 2010. R&D expenditures for crop seed & biotechnology, crop protection chemicals and farm machinery account for about 85% of total private R&D expenditures in the world.
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Agricultural products cover the following commodity categories:Food and live animals: Live animals other than animals of division 03Meat and meat preparationsDairy products and birds' eggsFish, crustaceans, molluscs, and preparations thereofCereals and cereal preparationsVegetables and fruitsSugar, sugar preparations and honeyCoffee, tea, cocoa, spices, and manufactures thereofFeedstuff for animals (excluding unmilled cereals)Miscellaneous edible products and preparations Source: United Nations Conference on Trade and Development, Merchandise trade matrix, exports and imports, annual, 1995-2016.
Sources: World Bank - WDI July 2015; ADI 2013; FAO - Production Statistics Feb. 2015; Food Balance Sheets 2015