An Economic Analysis Of Agriculture

Agricultural production. The demand for agricultural products. The farm income problem and its causes. Agricultural marketing. Government intervention in agriculture. Agricultural policy in the United Kingdom. Agricultural policy in the european economic community. Trade.

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.

The project concept. Projects, the cutting edge of development. Plans and projects. Advanteges of the project format. Aspects of project preparation and analysis. The project cycle. Accuracy of agricultural project analyses. Why agricultural project analyses prove wrong. Steps in project analysis. Identifying project costs and benefits. Objectives, costs, and benefits. Direct transfer payments. Costs of agricultural projects. Tangible benefits of agricultural projects. Secondary costs and benefits. Intangible costs and benefits. Financial aspects of project analysis. Pricing project costs and benefits. Prices reflect value. Finding market prices. Predictin future prices. Prices for internationally traded commodities. Financial export and import parity prices.Farm investment analysis. Objectives of financial analysis. Preparing the farm investment analysis. Elements of farm invewstment analysis. Net benefit increase. Unit activity budgets. Computing debt service. Financial analysis of processing industries. Balance sheet. Sources-and-uses-of-funds statement. Financial ratios. Financial rate of return. Analyzing project effects on government receipts and expenditures. Economic aspects of project analysis. Determining economic values. Aggregating project accounts. Measures of project worth. Comparing project costs and benefits. Applying discounted measures of project worth. Sensitivity analysis (treatment of uncertainty). Switching value. Choosing among mutually exclusive alternatives.

Projects: the "cutting edge" of development; Identifying costs and benefits of agricultural projects; Selecting proper values; Comparing costs and benetits; Applying discounted measures of project worth; Financial analysis cosiderations for agricultural projects; Source of assistance for project preparation.

On values, analysis, and policy; The quantitative approach; on research, technology, and resources; Markets and economic development.

The specific focus of this seminal work is on the economic impact of climate change on agriculture world wide, and how faced with the resultant environmental alterations, agriculture might adapt under varied and varying conditions. Enhanced with a detailed and comprehensive index, Climate Change and Agriculture is highly recommended for academic library environmental studies and economic studies reference collections and supplemental reading lists. The Midwest Book Review Despite its great importance, there are surprisingly few economic studies of the impact of climate on agriculture and how agriculture can adapt under a variety of conditions. This book examines 22 countries across four continents, including both developed and developing economies. It provides both a good analytical basis for additional work and solid results for policy debate concerning income distributional effects such as abatement, adaptation, and equity. Agriculture and grazing are a central sector in the livelihood of many people, particularly in developing countries. This book uses the Ricardian method to examine the impact of climate change on agriculture. It also quantifies how farmers adapt to climate. The findings suggest that agriculture in developing countries is more sensitive to climate than agriculture in developed countries. Rain-fed cropland is generally more sensitive to warming than irrigated cropland and cropland is more sensitive than livestock. The adaptation to climate change results reveal that farmers make many adjustments including switching crops and livestock species, adopting irrigation, and moving between livestock and crops. The results also reveal that impacts and adaptations vary a great deal across landscapes, suggesting that adaptation policies must be location specific. Finally, the book suggests a research agenda for the future. Economists in academia and the public sector, policy analysts and development agencies will find this broad study illuminating.