Introduction to Agricultural Economics (3rd Edition)

This jargon-free book provides beginning agriculture readers a readable, systematic understanding of the basic concepts and issues in economics as they relate to the food and fiber industry—a major segment of the U.S. economy. Covering the entire scope of key economic principles and their application to the food and fiber system, it traces major microeconomic, macroeconomic, and global forces influencing the decisions of producers and consumers of food and fiber products, and focuses on the leading problems and issues confronting this important industry today. New CD-ROM with Powerpoint presentation of chapter-by-chapter key points, graphs, etc. attached to Instructor's Manual. Extensively revised test bank. Updated and expanded coverage of the role of government in the food and fiber industry in the United States. A comprehensive and complete picture of agricultural economics. Comprehensive micro coverage with heavy emphasis on interpretation/applications of marginal analysis in decision-making. Offers a thorough presentation of macroeconomic issues, focusing on the implications that events elsewhere in the economy have upon price of food and producer profits, as well as consumer economic well-being. Emphasizes how economic forces in domestic and global economics affect the U.S. food and fiber system and the cost of food and fiber products to consumers. For those in the field of agricultural economy.