TAILIEUCHUNG - Lecture Business economics - Lecture 30: Agriculture

This chapter explain why agricultural prices and farm income are unstable, discuss why there has been a huge employment exodus from agriculture to other . industries over the past several decades, relate the rationale for farm subsidies and the economics and politics of price supports (price floors), describe major criticisms of the price-support system in agriculture, list the main elements of existing Federal farm policy. | Agriculture Instructor: Abbas Course code: ECO 400 Lecture 30 Lecture Outline Agriculture sector Agricultural policies Agriculture Sector Agriculture is not confined to cultivation of the land, growing and harvesting seasonal crops. Agriculture includes: Livestock breeding of value added in agriculture and 11. 4% of GDP. 30-35 million rural population engaged in livestock raising. Fish farming. Although small contribution in GDP, still earns foreign exchange through export. Good nutritional value of fish with protein content of 15 to 20 percent. Important source of livelihood for coastal inhabitants. In 2003-04, 90,225 million of fish and fishery products were exported, earning Rs. billion Poultry farming has emerged as good substitute of beef and mutton with 356 million chicks production, 4850 million eggs and 303 ‘000’ tons of poultry meat in 2003-04 Forestry. of total land is under forest, recommended level is 20-25%, bad environmental conditions Two .

• Kinh tế học
• Business economics
• Lecture Business economics
• Business applications of economics
• Open economy
• Competitive markets
• Economics of agriculture
• Economic Models
• Principles of economics
• Monopolistic competition
• Macroeconomic policy
• Supply curve
• Elasticity of demand
• Consumer choice
• Competitive firms
• Imperfect competition
• Gross domestic product
• Financial intermediaries
• Productivity growth
• Natural rate of unemployment
• Labor force
• Money supply