U.S. Granted Patents: Plant Patents Originating in Florida
PATENTUSFLPLANT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.00
Year-over-Year Change
-47.14%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Plant Patents Originating in Florida' series tracks the number of plant patents issued by the U.S. Patent and Trademark Office that were filed by inventors located in the state of Florida. This metric is useful for analyzing trends in agricultural innovation and the competitiveness of Florida's plant breeding industry.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Plant patents protect new and distinct varieties of plants that can be asexually reproduced. The 'U.S. Granted Patents: Plant Patents Originating in Florida' data provides insight into the innovative capacity and commercialization of novel plant cultivars developed within the state. This information informs policymakers and industry stakeholders about the region's agricultural research and development ecosystem.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on the legal residency of the patent applicant.
Historical Context
Plant patent data is used by government agencies, universities, and private firms to assess R&D activity, technology transfer, and economic competitiveness in the agricultural sector.
Key Facts
- Florida ranks among the top states for plant patent generation.
- Plant patents protect new plant varieties that can be asexually reproduced.
- The data tracks plant patents issued, not applications filed.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Patents: Plant Patents Originating in Florida' series measures the number of plant patents issued by the U.S. Patent and Trademark Office to inventors located in the state of Florida.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into agricultural innovation and the competitiveness of Florida's plant breeding industry, which is useful for policymakers, researchers, and industry stakeholders.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office based on the legal residency of the patent applicant.
Q: How is this trend used in economic policy?
A: Plant patent data is used by government agencies, universities, and private firms to assess R&D activity, technology transfer, and economic competitiveness in the agricultural sector.
Q: Are there update delays or limitations?
A: The data may have a several month delay due to patent application processing times, and only reflects issued patents, not pending applications.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Plant Patents Originating in Florida (PATENTUSFLPLANT), retrieved from FRED.