Introduction to the Agriculture Economics

The agricultural market landscape is the economic system that produces, distributes, and consumes agricultural products and services.

An agricultural subsidy is a government grant paid to incumbents in the industry to reduce costs and influence the supply of commodities.

Price supports are subsidies or price controls used by the government to artificially increase or decrease prices in the agriculture market.

Agricultural aggregate supply can be reduced through external capacity potential or governmental interventions.

Agriculture requires a vast support system and a great deal of oversight, addressing industry threats and utilizing policy-based tools.