U.S. Granted Patents: Plant Patents Originating in Arkansas
PATENTUSARPLANT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
0.00%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Plant Patents Originating in Arkansas' trend measures the number of plant patents granted by the U.S. Patent and Trademark Office that originated from the state of Arkansas. This data is important for economists and policymakers to track innovation and technological progress in the agricultural sector.
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
The plant patent measure tracks innovations in new plant varieties, including ornamental and agricultural plants. This data is used to analyze regional trends in agricultural technology development and commercialization activity. Understanding patent flows can inform economic policies and incentives related to research and innovation.
Methodology
The data is collected from administrative records of the U.S. Patent and Trademark Office.
Historical Context
Policymakers and industry analysts use this trend to assess the competitiveness and innovative capacity of the agricultural sector in Arkansas.
Key Facts
- The U.S. has granted over 200,000 plant patents since 1930.
- Arkansas ranked 16th among U.S. states for plant patents in 2021.
- Plant patents protect new plant varieties for 20 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of plant patents granted by the U.S. Patent and Trademark Office that originated from the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding regional trends in agricultural innovation and technological progress, which can inform economic policies and incentives related to research and development.
Q: How is this data collected or calculated?
A: The data is collected from administrative records of the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this trend to assess the competitiveness and innovative capacity of the agricultural sector in Arkansas.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture the most recent patent activity.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Plant Patents Originating in Arkansas (PATENTUSARPLANT), retrieved from FRED.