This Handbook offers an up-to-date collection of research on agricultural economics. Drawing together scholarship from experts at the top of their profession and from around the world, this collection provides new insights into the area of agricultural economics.

The Routledge Handbook of Agricultural Economics explores a broad variety of topics including welfare economics, econometrics, agribusiness, and consumer economics. This wide range reflects the way in which agricultural economics encompasses a large sector of any economy, and the chapters present both an introduction to the subjects as well as the methodology, statistical background, and operations research techniques needed to solve practical economic problems. In addition, food economics is given a special focus in the Handbook due to the recent emphasis on health and feeding the world population a quality diet. Furthermore, through examining these diverse topics, the authors seek to provide some indication of the direction of research in these areas and where future research endeavors may be productive.

Acting as a comprehensive, up-to-date, and definitive work of reference, this Handbook will be of use to researchers, faculty, and graduate students looking to deepen their understanding of agricultural economics, agribusiness, and applied economics, and the interrelationship of those areas.

chapter 2|25 pages

Broadening the validity of welfare economics for quantitative public policy analysis

ByRichard E. Just, Andrew Schmitz

part 1|154 pages

Food economics

chapter 3|13 pages

World food

New developments
ByShenggen Fan

chapter 4|20 pages

Industrial organization of the food industry

The role of buyer power
ByIan Sheldon

chapter 5|14 pages

Economic ramifications of obesity

A selective literature review
ByOral Capps, Ariun Ishdorj, Senarath Dharmasena, Marco A. Palma

chapter 6|12 pages

Behavioral economics in food and agriculture

ByWen Li, David R. Just

chapter 7|12 pages

Product quality and reputation in food and agriculture

ByAnthony R. Delmond, Jill J. McCluskey, Jason A. Winfree

chapter 8|26 pages

Food marketing in the United States

ByStephen Martinez, Krishna P. Paudel

chapter 9|25 pages

Food from the water – fisheries and aquaculture

ByFrank Asche, James L. Anderson, Taryn M. Garlock

chapter 10|16 pages

The economics of antibiotics use in agriculture

ByJutta Roosen, David A. Hennessy

chapter 11|14 pages

Advancements in the economics of food security

ByP. Lynn Kennedy

part 2|110 pages

Environmental and resource economics

chapter 12|20 pages

How does climate change affect agriculture?

ByPanit Arunanondchai, Chengcheng Fei, Anthony Fisher, Bruce A. McCarl, Weiwei Wang, Yingqian Yang

chapter 13|21 pages

Habitat conservation in agricultural landscapes

ByChad Lawley, Charles Towe

chapter 14|22 pages

Water quality trading

ByJames S. Shortle, Aaron Cook

chapter 15|15 pages

Natural capital and ecosystem services

ByMarcello Hernández-Blanco, Robert Costanza

chapter 16|16 pages

Water management and economics

ByLouis Sears, C.-Y. Cynthia Lin Lawell

chapter 17|14 pages

Water supply and dams in agriculture

ByBiswo N. Poudel, Yang Xie, David Zilberman

part 3|144 pages

Trade, policy, and development

chapter 18|26 pages

A synopsis of trade theories and their applications

ByStephen Devadoss, Jeff Luckstead

chapter 19|28 pages

International agricultural trade

A road map
ByAndrew Schmitz, Ian Sheldon

chapter 20|26 pages

Use of subsidies and taxes and the reform of agricultural policy

ByG. Cornelis Van Kooten, David Orden, Andrew Schmitz

chapter 21|18 pages

The political economy of agricultural and food policies

ByJohan Swinnen

chapter 22|13 pages

Macroeconomic issues in agricultural economics

ByMichael Reed, Sayed Saghaian

chapter 23|15 pages

Models of economic growth

Application to agriculture and structural transformation
ByTerry L. Roe, Munisamy Gopinath

chapter 24|16 pages

Rural development – theory and practice

ByThomas G. Johnson, J. Matthew Fannin

part 4|157 pages


chapter 25|22 pages

Econometrics for the future

ByHector O. Zapata, R. Carter Hill, Thomas B. Fomby

chapter 26|21 pages

On the evolution of agricultural econometrics

ByDavid A. Bessler, Marco A. Palma

chapter 27|24 pages

New empirical models in consumer demand

ByTimothy J. Richards, Celine Bonnet

chapter 28|21 pages

A survey of semiparametric regression methods used in the environmental Kuznets curve analyses

ByKrishna P. Paudel, Mahesh Pandit

chapter 29|15 pages

Reconstructing deterministic economic dynamics from volatile time series data

ByRay Huffaker, Ernst Berg, Maurizio Canavari

chapter 30|33 pages

Agricultural development impact evaluation

ByJ. Edward Taylor

chapter 31|19 pages

Estimating production functions

ByDaniela Puggioni, Spiro E. Stefanou

part 5|86 pages


chapter 32|13 pages

Role of risk and uncertainty in agriculture

ByJean-Paul Chavas

chapter 33|21 pages

Investing in people in the twenty-first century

Education, health, and migration
ByWallace E. Huffman

chapter 34|21 pages

The economics of biofuels

ByFarzad Taheripour, Hao Cui, Wallace E. Tyner

chapter 35|12 pages

Farm management

Recent applications
ByPatricia Duffy, Sam Funk

chapter 36|17 pages

Economics of agricultural biotechnology

ByDavid Zilberman, Justus Wesseler, Andrew Schmitz, Ben Gordon

part 6|91 pages


chapter 37|24 pages

The financial economics of agriculture and farm management

ByCharles B. Moss, Jaclyn D. Kropp, Maria Bampasidou

chapter 38|15 pages

Futures markets and hedging

ByT. Randall Fortenbery

chapter 39|20 pages

Cooperative extension system

Value to society
ByRussell Tronstad, Mike Woods

chapter 40|12 pages

Theory of cooperatives

Recent developments
ByMichael L. Cook, Jasper Grashuis

chapter 41|18 pages

Agribusiness economics and management

ByMichael Boland, Metin Çakır