U.S. Granted Patents: Plant Patents Originating in Wisconsin
This dataset tracks u.s. granted patents: plant patents originating in wisconsin over time.
Latest Value
9.00
Year-over-Year Change
80.00%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Plant Patents Originating in Wisconsin' trend tracks the number of plant patents granted to inventors located in the state of Wisconsin. This metric provides insight into agricultural innovation and technological advancement 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
This series measures the annual number of plant patents originating from the state of Wisconsin. Plant patents are a specialized type of intellectual property protection for new varieties of plants. Tracking this data can help economists and policymakers assess the level of agricultural R&D and innovation within a given state or region.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
Trends in plant patents are closely monitored by agricultural industries, university research programs, and government agencies involved in science and technology policy.
Key Facts
- Wisconsin ranked 13th among U.S. states for plant patents granted in 2021.
- Plant patents account for around 5% of total U.S. patents issued annually.
- The top categories for Wisconsin plant patents are ornamental and horticultural plants.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the annual number of plant patents granted to inventors located in the state of Wisconsin. Plant patents protect new plant varieties developed through breeding or biotechnology.
Q: Why is this trend relevant for users or analysts?
A: Trends in plant patenting provide insight into the level of agricultural innovation and R&D occurring within a state or region. This data is closely monitored by industries, universities, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Patent and Trademark Office, which grants plant patents to inventors.
Q: How is this trend used in economic policy?
A: Trends in plant patenting are used by government agencies, universities, and industry groups to assess regional competitiveness and guide policies supporting agricultural research and technology development.
Q: Are there update delays or limitations?
A: The plant patent data is published annually with a lag of several months. There may also be limitations in capturing all relevant patents, as some plant innovations may be protected through other intellectual property mechanisms.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Plant Patents Originating in Wisconsin (PATENTUSWIPLANT), retrieved from FRED.