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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 ...
The following list, derived from the statistics of the United Nations' Food and Agriculture Organization (FAO), lists the most valuable agricultural products produced by the countries of the world. [1] The data in this article, unless otherwise noted, was reported for 2016.
The dean was impressed by the prepared syllabus and eventually Taylor set up an agricultural economics course for four-year students. He devoted himself by 1903 to founding a Department of Agricultural Economics at the university for both research and teaching. Taylor wrote the first agricultural economics textbook in the United States in 1905.
More people in the world are involved in agriculture as their primary economic activity than in any other activity, yet it only accounts for four percent of the world's GDP. [11] The rapid rise of mechanization in the 20th century, especially in the form of the tractor , reduced the necessity of humans performing the demanding tasks of sowing ...
Women in agriculture (including the related industries of forestry and fishing) numbered 556,000 in 2011. [42] Agriculture in the U.S. makes up approximately 75% of the country's pesticide use. Agricultural workers are at high risk for being exposed to dangerous levels of pesticides, whether or not they are directly working with the chemicals. [44]
Wild fish are an example of common goods. They are non-excludable, as it is impossible to prevent people from catching fish. They are, however, rivalrous, as the same fish cannot be caught more than once. Common goods (also called common-pool resources [1]) are defined in economics as goods that are rivalrous and non-excludable. Thus, they ...
A history of agricultural policy : chronological outline ( U.S. Department of Agriculture, National Agricultural Library, 1992) online; Ardrey, Robert L, American agricultural implements: a review of invention and development in the agricultural implement industry of the United States (1894) online; a major comprehensive overview in 236 pages.
Agriculture encompasses crop and livestock production, aquaculture, and forestry for food and non-food products. [1] Agriculture was a key factor in the rise of sedentary human civilization, whereby farming of domesticated species created food surpluses that enabled people to live in the cities. While humans started gathering grains at least ...