rising incomes are likely to continue to put pressure on food demand. International prices for most agricultural commodities are set to remain at 2010 levels or higher, at least for the next decade (OECD-FAO 2010). Small scale producers in many developing countries were not able to reap the benefits of high food prices during the 2007-2008 food price crises. And yet, this upward food price tren...

"The faster agriculture grows, the faster its relative size declines." That quotation from The Economics of Agricultural Development (Mellor 1966) still captures the essence of agricultural growth and its causal relationship to the structural transformation and aggregate growth of an economy. The quotation suggests that agriculture has a potential for accelerated growth. This suggestion arises ...

The increasing prevalence of HIV/AIDS in Rwanda – along with the devastating effects of the genocide of 1994 – means that many rural households face extreme stress. Since 90 percent of the population is engaged in agriculture, the consequences should be reflected in agricultural production. This research evaluates differences between households directly affected by HIV/AIDS and other illnesses ...

Agricultural production and agricultural policy has many special dimensions. The production structure, income positions, and labour input have large regional disparities, the production intensity is not homogenous in space, and farms have different risk factors and market possibilities in the different regions of Hungary. Land use and production technology also varies largely, in many regions f...

This paper analyses determinants of agricultural land prices in Sweden with a particular focus on location-specific factors. An asset-pricing model is used to decompose agricultural land prices into expected returns from land in its current agricultural use and expected returns from its potential use. The model is estimated in a cross regional context where explanatory factors relate to regiona...

The tropics, sadly, continues to be a belt of poverty. The countries of the tropics all have low or middling incomes, with a few tiny or natural-resource-rich exceptions, and few of the poorest countries are outside of the tropics. The causes of tropical poverty are surely complex, involving initial endowments (Diamond), history, especially colonization, and geographical isolation (Gallup and S...

The goal of this study was to quantify the economic role of dairy farming in New Mexico and to identify its linkages with allied industries in terms of income, value added, and employment impacts. An input-output model was used to estimate the direct, indirect, and induced impacts of the dairy farm industry on the economy of New Mexico. The results showed that in 2005, New Mexico's dairy farm i...

Problem statement: One of the main targets of Iran’s economic development plans in agricultural sector during the recent years was to augment agricultural exports and establish a positive trade balance in this sector. In this research the impact of macroeconomic indicators of Iran and its 20 trading partners on Iran’s agricultural trade balance had been investigated. Approach: The ARDL approach...

Policy makers in the United States often justify agricultural subsidies by stressing that agriculture is the engine of the rural economy. We use the increase in crop prices in the late 2000s to estimate the marginal effect of increased agricultural revenues on local economies in the U.S. Heartland. We find that $1 more in crop revenue generated 64¢ in personal income, with most going to farm pr...