Recent world carryover stocks of wheat are 65 percent of their average level during the decade of the 1960's. The precarious nature of this position has been demonstrated by the rapid upward movement of wheat prices in the last few years as world stock levels were depleted. The concern of many...

The role of capital formation in the process of economic development has been critically appraised by economists and policy-makers. 1 Identifying sources of capital and regulating the rate of capital growth are essential tasks of economic planning in developing nations. Economic growth models,...

In this paper we will attempt to determine the optimal price level for agricultural products and to find the otpimal combination of agricultural price - and structural policies which minimizes the government expenditures for agricultural supports.

One would have to be quite presumptuous to feel that he could read five papers as dissimilar as the ones we are dealing with here today and come out with all common elements. While all but one consider the general area of rural development policy, there is a considerable range in their...

The fundamental nature of decision-making on the African farm is analytically similar to decision-making anywhere. The decision-maker has control over a number of factors or resources which he can define quantitatively and qualitatively more or less precisely according to their nature and the...