Agricultural Economics

Agricultural economics (or agronomics) is concerned with the application of economic theory in optimizing the production and distribution of food and fibre. Agronomics was a branch of economics that specifically dealt with land usage. Today, the field of agricultural economics has transformed into a more integrative discipline which covers farm management and production economics, rural finance and institutions, agricultural marketing and prices, agricultural policy and development, food and nutrition economics, and environmental and natural resource economics. This book covers the whole of agribusiness that means economic relations of suppliers and producers of inputs for agriculture and food industry, problems from the aspects of social economy and rural sociology and finally the economics of the population nutrition.