U.S. Granted Patents: Plant Patents Originating in Michigan
PATENTUSMIPLANT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
147.00
Year-over-Year Change
1370.00%
Date Range
1/1/1992 - 1/1/2020
Summary
This trend tracks the number of plant patents originating in the U.S. state of Michigan. It provides insights into innovation and technological progress in the state's agricultural and horticultural sectors.
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 U.S. Granted Patents: Plant Patents Originating in Michigan data series measures the number of plant patents issued by the United States Patent and Trademark Office (USPTO) to inventors located in the state of Michigan. Plant patents protect new and distinct plant varieties created through asexual reproduction.
Methodology
The data is collected directly from USPTO records on granted plant patents.
Historical Context
This trend is used by economists, policymakers, and industry analysts to evaluate innovation and competitiveness in Michigan's agricultural industries.
Key Facts
- Michigan is a major agricultural state, producing a wide variety of crops and livestock.
- Plant patents help protect new plant varieties developed by breeders and researchers.
- Trends in plant patents can indicate the pace of innovation in the state's agricultural sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of plant patents originating from inventors located in the U.S. state of Michigan. Plant patents protect new and distinct plant varieties created through asexual reproduction.
Q: Why is this trend relevant for users or analysts?
A: Trends in plant patents originating from Michigan provide insights into innovation and technological progress in the state's agricultural and horticultural sectors, which are important to the state's economy.
Q: How is this data collected or calculated?
A: The data is collected directly from records maintained by the United States Patent and Trademark Office (USPTO) on granted plant patents.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and industry analysts to evaluate innovation and competitiveness in Michigan's agricultural industries, which can inform economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is published with minimal delay, but may be subject to revisions as the USPTO processes additional patent applications.
Related Trends
U.S. Granted Utility Patents Originating in Louisville/Jefferson County, KY-IN (MSA)
PATENTCBSA131140
U.S. Granted Utility Patents Originating in Ithaca, NY (MSA)
PATENTCBSA127060
U.S. Granted Utility Patents Originating in Cleburne County, AL
PATENTCOUNTY01029
U.S. Granted Utility Patents Originating in Non Metro/Micropolitan Statistical Areas in Indiana
PATENTCBSA900918
U.S. Granted Patents: Plant Patents Originating in Saudi Arabia
PATENT4NSAPLANT
U.S. Granted Patents: Total Patents Originating in India
PATENT4NINTOTAL
Citation
U.S. Federal Reserve, U.S. Granted Patents: Plant Patents Originating in Michigan (PATENTUSMIPLANT), retrieved from FRED.