Part I. The Food and Agricultural Marketing System Overview -- 1. Evolution of Agricultural and Food Markets, Policies and Programs-Walter J. Armbruster, President Emeritus, Farm Foundation; and Ronald D. Knutson, Regents Professor Emeritus, Texas A&M University -- 2. Expectations and Realities...

This chapter traces the evolution of the agricultural economics literature on agrifood output markets over the past 50 years, emphasizing research approaches and policy issues. The analysis of agrifood systems encompasses the demand and supply side of output markets. The analysis in this chapter...