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Agricultural economics is an applied field of economics concerned with the application of economic theory in optimizing the production and distribution of food and fiber products. Agricultural economics began as a branch of economics that specifically dealt with land usage. It focused on maximizing the crop yield while maintaining a good soil ...
It is difficult to discuss these differences without the aid of an example. Consider the case of a conventional (see conventional agriculture) apple farmer.This farmer may choose to change his farm to conform to the standards of USDA approved organic agriculture because he felt motivated by social or moral norms or the potential of increased profits or a host of other reasons.
Agricultural economics is economics as it relates to the "production, distribution and consumption of [agricultural] goods and services". [245] Combining agricultural production with general theories of marketing and business as a discipline of study began in the late 1800s, and grew significantly through the 20th century. [ 246 ]
Church Farm in Norfolk, England Typical plan of a medieval English manor, showing the use of field strips. A farm (also called an agricultural holding) is an area of land that is devoted primarily to agricultural processes with the primary objective of producing food and other crops; it is the basic facility in food production. [27]
Rural economics is the study of rural economies. Rural economies include both agricultural and non-agricultural industries, so rural economics has broader concerns than agricultural economics which focus more on food systems. [1] Rural development [2] and finance [3] attempt to solve larger challenges within rural economics.
The resilience of agrifood systems builds on the concept of resilience, which originated in the study of ecosystems [27] and evolved over 50 years into an object of study across an array of disciplines, including engineering, agriculture, economics and psychology. Although there is little agreement today as to a precise definition across ...
Agricultural productivity is measured as the ratio of agricultural outputs to inputs. [1] While individual products are usually measured by weight, which is known as crop yield, varying products make measuring overall agricultural output difficult. Therefore, agricultural productivity is usually measured as the market value of the final output ...
Agronomy is the science and technology of producing and using plants by agriculture for food, fuel, fiber, chemicals, recreation, or land conservation.Agronomy has come to include research of plant genetics, plant physiology, meteorology, and soil science.