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Agricultural Economics

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Agricultural Economics is the study of the economic principles and practices related to the production, distribution, and consumption of agricultural goods and services. It analyzes the behavior of agricultural markets, the role of agricultural policy, and the impact of economic factors on farming and rural development.
lightbulbAbout this topic
Agricultural Economics is the study of the economic principles and practices related to the production, distribution, and consumption of agricultural goods and services. It analyzes the behavior of agricultural markets, the role of agricultural policy, and the impact of economic factors on farming and rural development.

Key research themes

1. How does sustainable development shape agricultural economic policies and production strategies?

This research theme investigates how agricultural economics integrates sustainability goals—environmental, social, and economic—into policy design and production practices. Given the increasing global emphasis on the UN Sustainable Development Goals (SDGs), agricultural economists analyze how policies and innovations along the agri-food chain can reconcile economic growth with environmental conservation and social equity.

Key finding: This study identifies that agricultural economic research is progressively broadening to address environmental sustainability by linking agricultural production choices with effects on natural resources. It highlights... Read more
Key finding: The article discovers divergent pathways for agricultural sustainability via specialization (intensification) or diversification approaches. It documents trade-offs such as increased vulnerability and environmental risks in... Read more
Key finding: This special issue compilation reveals empirical and theoretical insights into the contribution of agricultural marketing and policy in advancing sustainable development. It emphasizes the interrelated nature of health,... Read more

2. What are the key socioeconomic and institutional determinants influencing agricultural commercialization and productivity among smallholder farmers?

This theme focuses on identifying factors at the household and institutional level affecting the degree of market orientation, productivity, and economic welfare in smallholder agriculture. Investigations explore how access to finance, institutional quality, extension services, and socio-cultural constraints shape farmers' commercialization behavior and productivity outcomes especially in developing regions.

Key finding: The study quantifies how ownership of production assets (e.g., oxen), crop yield quality and quantity, and training on crop marketing positively influence the intensity of crop commercialization in the dryland areas of... Read more
Key finding: Through survey-based analysis, the research establishes a statistically significant positive relationship between access to microfinance loans and agricultural productivity among rural farmers. The paper shows that... Read more
Key finding: Using panel data methods, this research finds that institutional quality and electricity access exert positive long-term impacts on economic development in Sub-Saharan Africa. Improvements in governance and infrastructure are... Read more
Key finding: Analytical findings demonstrate that women farmers, particularly in cassava production in Nigeria, significantly contribute to agricultural productivity. However, social and educational barriers limit their access to... Read more

3. How do institutional frameworks, policy reforms, and economic modeling improve decision-making in agricultural production and market integration?

This theme explores methodological approaches combining economic theory, microeconomic modeling, and policy analysis to understand farmers' behavior under uncertainty, the effects of institutional reforms, and the structural transformation within agricultural economies. It includes dynamic supply response modeling, legal-economic analyses of cooperative structures, and the evaluation of accounting standards’ impacts on agricultural financial reporting.

Key finding: By employing multiperiod linear programming and explicitly incorporating risk and uncertainty constraints, the study develops a dynamic farm behavior model that explains supply responses including counterintuitive phenomena... Read more
Key finding: The paper introduces a dynamic microeconomic supply response model for the EU beef sector, integrating biological herd dynamics with economic incentives and policy changes, including subsidies and premiums. The model... Read more
Key finding: This research examines Bulgaria's transition from collectivized agriculture to diverse organizational forms post-communism and identifies how fragmented land ownership and legal frameworks have constrained integration,... Read more

All papers in Agricultural Economics

Drought is a reoccurring phenomenon which is considered as one of the topmost slow-onset disasters in the central Barind Tract of northwestern Bangladesh. Due to the consequences of drought, agriculture of this area is highly impacted as... more
The Farm and Horticultural Management Group comprises staff of the Applied Management and Computing Division at Lincoln University whose research and teaching interests are in applied and theoretical management and systems analysis in... more
The pharmaceutical manufacturing industry is a vital and economically significant sector worldwide, ranking second after the food industry. Access to essential and high-quality medicines remains a critical public health challenge in... more
The article describes the availability of food in the traditional food system in a village in Andhra Pradesh before the advent of borewell. The borewell era has seen disappearance of water both underground and over ground and the article... more
Produktivitas pertanian yang optimal merupakan tantangan besar bagi petani. Pengabdian masyarakat ini bertujuan untuk meningkatkan hardskill dan softskill kelompok tani "Malawo Sejahtera" di Kelurahan Jamaimo, Distrik Mariat, Kabupaten... more
Note: Center Discussion Papers are preliminary materials circulated to stimulate discussion and critical comments. We thank Timothy J. Besley, William English, and Christina Paxson for their comments.
The Institute of Food and Agricultural Sciences (IFAS) is an Equal Opportunity Institution authorized to provide research, educational information and other services only to individuals and institutions that function with... more
The economic contributions of the green industry in the United States were estimated for 2018 using information on industry employment and wages, and economic multipliers from a U.S. IMPLAN economic model. Direct industry output for all... more
Produce growers in Kentucky, North Carolina, and Tennessee were surveyed in 2002 to gather information about their decision making in the areas of planting, postharvest handling, marketing, and expected changes. North Carolina has... more
The paper explores determinants on rural labor's migration decision in Shaanxi province in northwest China. It adopts Probit regression and takes High Value Agricultural Products growers as an example. The econometric results suggest that... more
The paper explores determinants on rural labor's migration decision in Shaanxi province in northwest China. It adopts Probit regression and takes High Value Agricultural Products growers as an example. The econometric results suggest that... more
Agriculture-based policies for rural development and food sufficiency lead to the welfare of farmers. However, the implementation of these policies often cannot address these issues. This study examines the impact of implementing... more
This paper aims to analyze the impact of xed capital, variable inputs and labor and their interaction to the volume of the agricultural output in Greece, for the period 1981 -2021, using the estimation equation of a Cobb-Douglas equation... more
Farmers' markets presumably benefit local economies through enhanced retention of local dollars. Unlike other studies, the net impact of farmers' markets on the West Virginia economy is examined. Producer survey results are used in... more
Smallholder agriculture dominates Kenya's agricultural landscape, accounting for 75 % of total agricultural output and 70 % of the marketed agricultural produce. As a result, the Government of Kenya, with the support of development... more
The development of the ecological agriculture sector in our country in the past decade has triggered the expansion of the research in the field, at both theoretical and experimental level. The research performed and presented in this... more
Purpose: India’s MSP–procurement–PDS system, although framed as farmer support, functions largely as a consumer subsidy. With rice and wheat sold cheaply through the PDS and global prices close to the MSP, procurement mainly ensures price... more
The Institute's mission is to enhance the overall understanding o f economic and policy issues associated with commodity promotion programs. An understanding o f these issues is crucial to ensuring continued authorization for domestic... more
In sub-Saharan Africa, including Zambia, rising awareness of the nutrition and health benefits of traditional African vegetables (TAVs) has raised demand over the past decade. TAVs compete with conventional vegetables in most retail... more
This study identifies consumer and household characteristics, geographical locations and opinions and views of the respondents that influence the expenditure on fresh fruit and vegetable, using a survey data collected from 1,100 female... more
This study identifies consumer and household characteristics, geographical locations and opinions and views of the respondents that influence the expenditure on fresh fruit and vegetable, using a survey data collected from 1,100 female... more
APICULTURA MOLDOVEI sta in fata celei mai mari oportunitati economice din ultimii 100 de ani. Intrebarea este simpla: o valorificam sau o ratam?
Agriculture plays a great role in the economy of many countries including Tanzania where the majority depends on agriculture-based activities for their livelihoods. Access to agricultural credit is vital for growth and development of... more
Розглянуто математичну модель просторового руху маніпулятора з мехатронним приводом. Для уточнення математичної моделі запропоновано ввести залежність, що описує зміну величини гідродинамічної сили, отриманої на основі апроксимації... more
This paper focuses on the status of ICT usage among agri-based entrepreneurs in Malaysia. The objectives of the study: 1) to know the purpose of using ICT among agri-based entrepreneurs; 2) to know the level of ICT usage among agri-based... more
This doctoral thesis critically evaluates the impact of the Farm Service Center (FSC) model on agro-dealer performance and smallholder farmer outcomes in Rwanda. Employing a mixed-methods research design with a strong quantitative... more
This study aims at investigating the impact of regional integration on the agricultural trade development by focusing on wheat flour, maize grain, maize flour, potato, rice and soybean, fresh bean and dried beans sectors selected among... more
Pig (Sus scrofa domesticus) production amongst smallholder farmers is constrained by bad odour arising from pig houses. The objective of this study was to investigate the effectiveness of Indigenous Microorganisms (IMO) treatment of deep... more
Landraces are the varieties nurtured and cultivated by the farmers through traditional method of selection over the decades. The "landraces" are the primitive cultivars grown by farmers and their successors since ancient times. The... more
More than 15 years have passed since Mexico's Conditional Cash Transfer (CCT) Program was introduced as a new targeted poverty reduction strategy. CCTs have two main objectives to alleviate 'present poverty' through cash transfers, and to... more
More than 15 years have passed since Mexico's Conditional Cash Transfer (CCT) Program was introduced as a new targeted poverty reduction strategy. CCTs have two main objectives to alleviate 'present poverty' through cash transfers, and to... more
This research examines the effect of a government sponsored technology transfer program for small holder farms in Chile. The effect of family participation in the technology transfer program is evaluated with respect to a number of... more
Risk is an important characteristic of decisions about weed control in crops. In this paper it is shown that risk can affect weed control decisions even if the objective of the decision maker is to maximise expected profits: that is, even... more
This paper outlines important lessons and experiences in successful development and use of the MIDAS whole-farm models in Western Australia. The paper includes discussions of whole-farm planning and whole-farm modelling in general and... more
In the modern market economy, agri-food chains were imposed and strengthened due to unprecedented evolving recorded by supply and demand of food in recent decades, dynamic driven by market fragmentation, on the one hand, and specific... more
Forecasting crop yield prediction is an very important decision support tool. Crop yield prediction is the process of using data and technology to estimate how much agricultural produce, such as crops, will be harvested in a specific area... more
The paper examined and brought to the fore the typical characteristic of urban and peri-urban farmers in Freetown and Bo communities which serves as major source of supply of agricultural products into the cities’ markets. The social and... more
Backyards are family settings adjacent to the house, characterized mainly by being small-scale and diversified productive spaces. The research typologically characterized the backyards and their contribution to family food security in La... more
the concept development, of development studies and of development geography. At the present early stage in the evolution of development geography, this part of the work may have some merit per se, in addition to explaining the choice of... more
The American West is defined first and foremost by aridity, scarcity, and variability of water resources. In response to this geographic imperative, the region has evolved a robust menu of legal, institutional, and community-based... more
The American West is defined first and foremost by aridity, scarcity, and variability of water resources. In response to this geographic imperative, the region has evolved a robust menu of legal, institutional, and community-based... more
The paper investigates the linkages between technological change and production risk, with an application to corn. The effects of technology on risk exposure are analyzed. We define technological progress to be risk-increasing... more
The paper investigates the linkages between technological change and production risk, with an application to corn. The effects of technology on risk exposure are analyzed. We define technological progress to be risk-increasing... more
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