U.S. Granted Patents: Plant Patents Originating in Maine
PATENTUSMEPLANT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Plant Patents Originating in Maine' trend measures the number of plant patents issued by the U.S. Patent and Trademark Office that originated from inventors based in the state of Maine. This metric is a key indicator of innovative activity and agricultural research in the region.
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 are a specialized type of intellectual property right granted for new and distinct plant varieties. Tracking the volume of plant patents originating in Maine provides insights into the state's agricultural R&D ecosystem and competitiveness in agricultural innovation.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Policy makers and agricultural economists analyze plant patent data to assess regional innovation capacity and support effective R&D policy.
Key Facts
- Plant patents account for about 1% of total U.S. patent grants.
- Maine accounts for less than 1% of total U.S. plant patents.
- Plant patent volume in Maine has remained relatively flat in recent 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 inventors based in the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: Tracking plant patent activity in Maine provides insights into the state's capacity for agricultural innovation and R&D.
Q: How is this data collected or calculated?
A: The data is collected and reported directly by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and agricultural economists analyze plant patent data to assess regional innovation capacity and inform R&D support policies.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically 1-2 quarters behind the current period.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Plant Patents Originating in Maine (PATENTUSMEPLANT), retrieved from FRED.