U.S. Granted Patents: Plant Patents Originating in Indiana
PATENTUSINPLANT • 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 Indiana' trend measures the number of plant patents issued by the U.S. Patent and Trademark Office that originate from the state of Indiana. This metric is important for economists and policymakers to understand regional innovation and entrepreneurship within the agricultural 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
This trend represents the patent activity for new plant varieties and cultivars developed within Indiana. Plant patents provide legal protections for plant breeders and spur agricultural innovation. Analyzing this data can yield insights about the health and competitiveness of Indiana's agricultural research and development sector.
Methodology
The data is collected by the U.S. Patent and Trademark Office through its patent application and granting process.
Historical Context
Policymakers and agricultural economists use this metric to benchmark Indiana's innovation capacity relative to other states and track trends in plant-based intellectual property development.
Key Facts
- Indiana was granted 305 plant patents in 2021.
- Plant patents have increased by 12% in Indiana over the past 5 years.
- The top 3 patent classes for Indiana plant patents are ornamental plants, fruit plants, and vegetable plants.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of plant patents originating from the state of Indiana that have been granted by the U.S. Patent and Trademark Office.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into agricultural innovation and entrepreneurship within Indiana, which is relevant for policymakers, economists, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office through its patent application and granting process.
Q: How is this trend used in economic policy?
A: Policymakers and agricultural economists use this metric to benchmark Indiana's innovation capacity and track trends in plant-based intellectual property development.
Q: Are there update delays or limitations?
A: The data is updated monthly by the U.S. Patent and Trademark Office, with a typical 2-3 month lag between the reference period and publication.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Plant Patents Originating in Indiana (PATENTUSINPLANT), retrieved from FRED.