AGRICULTURAL ECONOMICS

SUBMITTED TO:Mr. MAHIN SHARIFASST. PROFESSORDEPT. OF AGRI.ECONOMICSCOLLEGE OF SERICULTURE,CHINTAMANI SUBMITTED BY:

PRABHAKARA REDDY A VI BSC(SERI)ID NO.SLC3031COLLEGE OF SERICULTURE,CHINTAMANI

Topic : Agricultural Economics

Introduction Agriculture economics originally applied the principles of economics to the production of crops & live stocks - a displine known as agronomic. Agronomics was a branch of economics that specifically dealt with land usage. it focused on maximizing the crop yield while maintaining a good soil ecosystem throughout the 20th century , agricultural economics

originsEconomics is the study of resource allocation

under scarcity. Agronomics, Or the application of economics methods to optimizing the decisions made by Agricultural producers , grew to prominence around the turn of 20th century. The Field of agricultural economics can be traced out to works on land economics.

Hency Charles Taylor was the greatest contributor with the establishment Of the deportment of agricultural economics at Wisconsin in 1909.

Another contributor, 1979 Noble Economics prize winnerTheodore Schultz was among the first to examine development Economics as a problem related directly to agriculture. Schultz Was also instrumental in establishing economics as a tool for use in analyzing agricultural economics empirically, he noted in

His land mark 1956 article that agricultural supply.

Analysis is rooted in “Shifting Sand”. Implying that it was

and is simply not being done correctly.

DEVELOPMENT :“Agricultural economics arose in the late 19th century,

combined the theory of the firm with marketing and organization

theory , and developed throughout the 20th century largely as an

Empirical branch of general economics.

the discipline was closely linked to empirical applications of

Mathematical statistics and made early and significant contributions

To econometric method . In the 1960s and afterwards, as agricultural

Sectors in the OECD countries contracted, agricultural economists

drawn to the development problems of poor

countries, to the trade And macroeconomics policy

implications of agriculture in rich Countries, and to a

variety production, consumption, and environmental

and resource problems”.

Agriculture economists have made many well

known contributions to the economics field with such

models as the Cobweb model, hedonic regression

princing models, new technology and diffusion

models [zvi Griliches], multifactor productivity and

efficiency theory and measurement, and the random

co-efficients regression. The farm sector is frequently

cited as a prime example of the perfect competition

economics paradigm.

In Asia, agricultural economics was offered first by the university of the Philippines department of Agricultural economics in 1919.

Today, the field of agricultural economics has transformed in to a more integrative discipline which covers form management and production economics, rural finance and institutions.

In terms of technical change there have been increasingly rapid developments and innovations in the equipment designed for agricultural research.

Areas of concentration: Agricultural economics tends to be more

microeconomic oriented. Many undergraduate agricultural economics degrees given by us land – grant universities tend to be more like a traditional business degree rather than a traditional economics degree. At the graduate level, many agricultural economics programs focus on a wide variety of applied micro and macro economics topics. Their demand is driven by their pragmatism, optimization and decision making skills in statistical modeling.

AMERICA FIND JOBS IN DIVERSIFIED SECTORS OF THE ECONOMY :

AccountingAgricultureBreweries, distilleries, battling plants.Cigarette manufacturing .Food processing . Ex- flour mill.Food manufacture. Ex- cake factoryFurniture manufacturing, production of lines, draps,

carpet.Government and NGOs. Information technology Leather tanning, footwear manufacturing, hand bag

production.Logistics and supply claims.Pulp and paper.Sawmills, lumber mills, wood products.

literature : Robert E. Evenson and prashu pingali Hand book of agricultural

economics. Elsevier 2007. Justus wesseler (ed) (2005) : environmental costs and benefits of

transgenic crops. Dordrecht, NL Springer press.

see also : Agriculture and agronomy portal business and economics portal.Agrarian law.Agrarian reform.Agri business.Electrical energy efficiency on united states farms.Farm crisis.Land economics.Subsidizing.Transport economics.Vertical archipelago.