Skip to main content

Agricultural Economics and Agribusiness, 8th Edition

Agricultural Economics and Agribusiness, 8th Edition

Gail L. Cramer, Clarence W. Jensen, Douglas D. Southgate Jr.

ISBN: 978-0-471-38847-0

Jan 2001

544 pages

Select type: Paperback

In Stock

$210.95

Description

This text is designed for a one-quarter or one-semester course in introductory agricultural economics or agribusiness. It examines the structure and organization of the agricultural industry, then discusses basic micro- and macroeconomics principles as they apply to agriculture. Principles of economics are used to demonstrate to the student that theory actually makes reality more understandable.

1. Introduction 1

2. The Farm and Food System 21

3. Consumer Behavior and Demand 49

4. Producer Decision Making: Single-Variable Input 77

5. Producer Decision Making: Two-Variable Inputs and Enterprise Selection 101

6. Production Costs, Supply, and Price Determination 137

7. Competition and the Market 171

8. Imperfect Competition and Market Regulation 191

9. Macroeconomics 217

10. Financial Picture of Agriculture 245

11. Agricultural Price and Income Policies 277

12. Market Agricultural Commodities 311

13. Natural Resources 345

14. Rural Development 369

15. International Economics 397

16. Agriculture's Role in Economic Development 429

17. Global Food Demand and Supply 451

A List of Reference Books for the Beginning Student 479

Basic Sources of Agricultural Statistics 483

Glossary 489

Photo Credits 505

Index 507

  • Updated data and policies coverage, as well as revised applied chapters, makes this the most current text on the market.
  • There is a new Chapter 16 on Agriculture's role in economic development.
  • Chapter 13 on natural resources has been revised-(1) externality problems, or what is called market failure which results when producers fail to internalize all environmental impacts, are addressed; and (2) a discussion on how governments can correct market failure by applying regulations, taxes, or marketable permit schemes.
  • Chapter 17 on global food demand and supply has been revised to reflect the changing factors affecting the global demand and supply of food.
  • This text examines the structure and organization of the agricultural industry, then discusses basic micro- and macroeconomics principles as they apply to agriculture.
  • At the end of each chapter there is a brief biographical sketch of an individual who has made a major contribution to the literature in agricultural economics and agribusiness.
  • New, specialized words and phrases are introduced in bold within the text and are then listed at the end of the chapter.