U.S. Granted Patents: Plant Patents Originating in Louisiana
This dataset tracks u.s. granted patents: plant patents originating in louisiana over time.
Latest Value
11.00
Year-over-Year Change
266.67%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Plant Patents Originating in Louisiana' trend measures the number of plant patents granted by the U.S. Patent and Trademark Office that were filed by inventors located in Louisiana. This data provides insights into regional innovation and agricultural research and 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
Plant patents are a specialized type of patent that protect new and distinct plant varieties, including those produced through asexual reproduction. This series tracks the number of such patents originating from Louisiana, which is a leading agricultural state and can indicate the level of plant-based innovation occurring there.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
This trend is useful for policymakers, economists, and industry analysts to understand regional patterns in plant-based innovation and commercial agricultural research.
Key Facts
- Louisiana is a major agricultural state in the United States.
- Plant patents protect new and distinct plant varieties.
- The U.S. Patent and Trademark Office grants plant patents.
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 were filed by inventors located in the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into regional patterns of plant-based innovation and agricultural research and development, which is relevant for policymakers, economists, 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.
Q: How is this trend used in economic policy?
A: This trend can be used by policymakers and economists to understand the level of plant-based innovation and commercial agricultural research occurring in Louisiana, which can inform policy decisions related to innovation, agriculture, and regional economic development.
Q: Are there update delays or limitations?
A: The data is published by the U.S. Patent and Trademark Office, and there may be some delay in the availability of the most recent data.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Plant Patents Originating in Louisiana (PATENTUSLAPLANT), retrieved from FRED.