An Assessment of the Economic Impact of Firms Assisted By the Oklahoma Food and Agricultural Products Center
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The evolution of value-added centers at land-grant universities, along with the recent development of numerous Ag Innovation Centers, has been viewed as a sign of a shifting emphasis to value-added agriculture research and technical assistance efforts. The entities that fund these centers, be they state or federal government, have a vested interest in the economic impacts of these centers. However, evaluating the efforts of a public good is not always an easy task. An economic-impact study of the Oklahoma Food and Agricultural Products Center (FAPC) was conducted to assess the total economic impacts of the firms assisted by the FAPC on Oklahoma's economy. A telephone survey was used to collect the necessary data and IMPLAN was used to estimate direct, indirect, and induced economic impacts.