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Resource Structure of Agriculture: An Economic Analysis focuses on the quantitative economic analysis of the agricultural industry. The book first discusses the theory of resource demand. Topics include decision milieu in agriculture; aggregate demand for an input; and notes on the statistical estimation of the demand function for an input. The text also examines the role of labor in agriculture, including agricultural wages, migration from agriculture, and regional labor supply. The monograph underscores the use of machineries in the agricultural sector. Analysis of post-war demand for power and machinery; early developments in agricultural mechanization; trends in the use of other machinery; and supply conditions for agricultural machinery are discussed. The text also looks at the use of fertilizers and pesticides in the agricultural sector, as well the need to invest in farm buildings. The book examines the demand for resources and supply of agricultural products. Future pattern of resource use and technological change; interactions between demands for different resources; and resource demand and a derived supply elasticity are discussed. The text is a valuable source of data for readers interested in the economic analysis of the agricultural industry.
First published in 1970. The aim of this book is to provide an introduction to the special problems of agriculture in modern economies. The author writes for students of economics who have already acquired the elements of economic theory; no attempt is made, therefore, to explain simple theoretical concepts, but instead these are used in the analysis of some of the main problems of agricultural adjustment. Emphasis is placed on the position of agriculture in the economies of western Europe and of the United States. Sufficient historical background is given to explain the present use of the factors of production in agriculture and the way in which this use and policies of agricultural support vary from one country to another. Agricultural support policies are discussed with reference to their effect on consumers, producers and on rural society.
Rationality is one of the basic underlying assumptions of economic behaviour of an individual, firm or industry. Economic theory rests on and takes as its starting point the assumption that each economic producer tries to maximize his individual gain, that profit motivation governs the behaviour of producers . This assumption is more true in explaining the behaviour of the non-agricultural sector of the economies than that of the agricultural sector. Contents: Introduction, Select Review of Literature and Methodology, Agricultural Economy, Regional Imbalances in Agricultural Growth, The Supply Behaviour of Food and Nonfood Crops, Regional Variations in Supply Behaviour of Major Crops, Summary of Findings.
Agriculture as a sector; Factor growth and allocation; Technology; Static and dynamic behavior.
This book examines the factors affecting the demand for agricultural land in the United States and the costs of meeting increasing demand. Originally published in 1982
This book showcases the power of economic principles to explain and predict issues and current events in the food, agricultural, agribusiness, international trade, natural resources and other sectors. The result is an agricultural economics textbook that provides students and instructors with a clear, up-to-date, and straightforward approach to learning how a market-based economy functions, and how to use simple economic principles for improved decision making. While the primary focus of the book is on microeconomic aspects, agricultural economics has expanded over recent decades to include issues of macroeconomics, international trade, agribusiness, environmental economics, natural resources, and international development. Hence, these topics are also provided with significant coverage.