U.S. Granted Patents: Plant Patents Originating in South Dakota
PATENTUSSDPLANT • 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 South Dakota' trend measures the number of plant patents issued by the U.S. Patent and Trademark Office that originate from South Dakota. This data provides insights into South Dakota's agricultural innovation and technological development.
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
This metric tracks plant patents, a specialized form of intellectual property protection for new plant varieties. It offers a window into the agricultural research and breeding activity occurring in South Dakota, which is an important farming and ranching state.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
Monitoring plant patent trends can inform economic policymakers and agricultural analysts about innovation and growth in key state industries.
Key Facts
- South Dakota is a major agricultural state.
- Plant patents protect new plant varieties and hybrids.
- Patent data reflects R&D and commercialization trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of plant patents originating from the state of South Dakota. Plant patents protect new plant varieties and hybrids developed through agricultural research and breeding.
Q: Why is this trend relevant for users or analysts?
A: Monitoring plant patent trends in South Dakota provides insights into the state's agricultural innovation and technological development, which are important for economic policymakers and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Patent and Trademark Office, which is responsible for issuing plant patents.
Q: How is this trend used in economic policy?
A: Trends in plant patents can inform economic policymakers and agricultural analysts about growth and innovation in key state industries, helping to guide policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is subject to the regular update schedule and potential limitations of the U.S. Patent and Trademark Office's reporting.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Plant Patents Originating in South Dakota (PATENTUSSDPLANT), retrieved from FRED.