"Principles of Agricultural Economics, now in its fourth edition, continues to showcase the power of economic principles to explain and predict issues and current events in the food, agricultural, and agribusiness sectors. This key text introduces economic principles in a succinct and...

Literature on farm productivity and efficiency was reviewed using a scoping review methodology, focusing on studies that have included risk and risk management tools within the stochastic frontier analysis in agricultural economics. This study contributes to investigating the methods used to...

Introduction to the economics of agriculture -- The economics of production -- The costs of production -- Profit maximization -- Optimal input selection -- Optimal output selection -- Consumer choices -- Supply -- Demand -- Markets -- Government policies -- The competitive firm -- Market power...