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This book answers the questions: What is happening to American agriculture, and why? Steven C. Blank uses portfolio theory to analyze both macro- and microeconomic data that paints a clear picture of the trends in agriculture, and explains why these trends are consistent with market evolution and global economic development. He clarifies agriculture's specific role in economic development with a focus on the current and future globalizing commodity markets.The book features empirical research that demonstrates the link between farm-level investment decisions and regional and national economic trends. It shows how the dynamic environment of industrialization and globalization of agriculture is part of a continuing development that is driven by technological innovation. This all points to a future with a very different agricultural production sector and some extremely important policy choices that will face the entire country.
For courses in Introduction to Agricultural or Applied Economics Introduction to Agricultural Economics provides students with a systematic introduction to the basic economic concepts and issues impacting the U.S. food and fiber industry and offers strong coverage of macroeconomic theory and international trade. Teaching and Learning Experience: Strong coverage of macroeconomics, the role of government, and international agricultural trade: The coverage of macroeconomics and agricultural programs and policies allows students to further understand the domestic market economy. Building block approach: Discusses individual consumer and producer decision-making, market equilibrium and economic welfare conditions, government intervention in agriculture, macroeconomic policy, and international trade. Extensive chapter review: Each chapter contains an extensive list of questions designed to test student comprehension of the material covered. The full text downloaded to your computer With eBooks you can: search for key concepts, words and phrases make highlights and notes as you study share your notes with friends eBooks are downloaded to your computer and accessible either offline through the Bookshelf (available as a free download), available online and also via the iPad and Android apps. Upon purchase, you'll gain instant access to this eBook. Time limit The eBooks products do not have an expiry date. You will continue to access your digital ebook products whilst you have your Bookshelf installed.
At no time in this century has there been such global uncertainty concerning the future stability of food and farm. While many Third World countries are unable to produce an adequate food supply for their inhabitants, the future of family farms in industrialized countries is jeopardized because food is overly abundant there.
Agricultural Economics - Current Issues is a review of topics related to the economics of agriculture in various parts of the world. It contains a total of seven chapters. These contributions are related to some of the significant current problems facing these regions. The book is divided into four parts. The first part is simply an introduction to the field of agricultural economics. It charts the development of the field from its origin of farm management economics to the current state of a variety of subjects in various parts of the world. In the second section, an issue related to marketing is discussed. This is followed in the third section by an issue related to water resource economics. In the last section the remaining three chapters are devoted to agricultural environment-related topics. All chapters present guidance for policymaking.
Includes papers and reports of the American Farm Economic Association.