Agriculture is the backbone of economies worldwide, feeding nations and fueling growth. Yet, its success hinges on a delicate balance of economic principles and effective management practices. Principles of Agricultural Economics and Farm Management is crafted to unravel this intricate relationship, offering a roadmap to understanding the forces that shape agricultural productivity and sustainability.

This book takes you on a journey through the core concepts of agricultural economics, from the fundamentals of demand, production, and cost to the complexities of national income, international trade, and the Goods and Services Tax (GST). It delves into the laws of returns, input-output relationships, and the dynamics of supply and distribution, providing both theoretical insights and practical applications. With a focus on agricultural planning and development, it also addresses pressing global issues like population growth, economic systems, and balance of payments.

HL Singh awarded Ph.D. degree in Dairy Economics from National Dairy Research Institute (NDRI) Karnal (HRY) in 2001. He has experience of 25 years in teaching and research in the discipline at different positions like Assistant professor, Senior Scientist (at ZPD Zone -3 Umium, Barapani), Associate Professor and Professor. He is presently working as Head, Department of Agricultural Economics, College of Agriculture, SVPUA&T Meerut and actively involved in policy issues at state and national level. He has awarded with several awards and honors by various societies during previous service period. He has edited and authored text book in his area of specialization. He has 52 research articles and 12 popular article, book chapters etc. in his credit.

Supriya is presently working as Associate Professor in the Department of Agricultural Economics Acharya Narendra Deva University of Agriculture and Technology, Ayodhya (U.P.) She has completed her Doctorate Degree in Agricultural Economics from G. B. P.U A & T, Pantnagar in year 2009 and qualified ARS Net in Economics and Agribusiness Management. She has also done Post Graduate Diploma in Business Management with Human Resources as specialization from SCDL, Pune and M.A. Economics from Kumaon University. She has received University Fellowship during Master’s and Doctoral Program.

She has varied experience in the fields of research and teaching while working at IARI, New Delhi and Teaching at G.B.P.U.A&T, Pantnagar.

She has more than 60 Research articles published in reputed NAAS rated and other peer reviewed journals. She wrote Book on “Farm Management and its Practical Utility”, “Agribusiness Fundamentals of Decision Making”, “Manual Cum Workbook on Agricultural Finance & Cooperation”, “Farm Management, Production & Resource Economics”, “Agricultural Finance & Cooperation”, “Fundamental of Agribusiness Management & Intellectual Property Rights”. In collaboration with Extension and Statistics Fellows also contributed Book chapters and book in the area of Extension Education and Agricultural Statistics. She has also written many popular articles published in Hindi and English Magazines. She has also received Excellence awards by many societies in the area of Research and Teaching like Young Scientist award and Excellence in Teaching. She has taught various courses at Undergraduate and Post Graduate level. Her area of specialization is Agricultural Economics with Agricultural statistics as minor.

Rajani Gautam, D/O Shri Girish Gautam and Smt. Lalita Gautam was born on 09 July, 1982. Dr. Rajani Gautam is presently working as an Assistant Professor in Department of Commerce, Pandit S.N. Shukla University, Shahdol, Madhya Pradesh, India. Author is having 17 year teaching experience (UG, PG and Ph.D. students). She published 20 research paper in peer-reviewed National and International Scopus journal and three books published by reputed publisher. She had 15 year teaching experience in Thukur Ranmat Singh College NAAC A+ Rewa (M.P.).

Pradeep Mishra, is an Assistant Professor of Statistics at the College of Agriculture, Rewa at the Jawaharlal Nehru Krishi Vishwa Vidyalaya, Madhya Pradesh, India. During his PhD research work, he was selected for an INSPIRE Fellowship by the Department of Science and Technology of the Government of India. Dr. Mishra has served as a data management specialist at a private multinational company for several years. His area of specialization is agriculture statistics, time series, and design of experiment. He has published more than 68 research articles in different international and national journals. Also, he won several awards, including an award for young scientists in at an international conference (GRISAAS-2017); best doctoral degree in 2018 at an international conference on advances in agriculture and allied science technologies for sustainable development, in Hyderabad, a second best paper award from the Society of Economics & Development in PAU. 2018, among others. Dr. Mishra earned his BSc in Agriculture from the College of Agriculture, Bilaspur, affiliated with the Indira Gandhi Krishi Vishwavidyalaya, Raipur (C.G.); his MSc in Agricultural Statistics from the College of Agriculture, Jawaharlal Nehru Agricultural University; and his PhD in Agriculture Statistics, specializing in modeling and forecasting of foods crops in India and their yield sustainability.

1. Introduction
2. Basic Concept
3. Agricultural Economics
4. Agricultural Planning and Development in the Country
5. Demand
6. Utility Theory
7. Consumer’s Surplus
8. Elasticity of Demand
9. Production
10. Laws of Returns
11. Input-Output Relationship / Law of Variable Proportion
12. Return to Scale
13. Cost
14. Supply
15. Distribution
16. National Income
17. Population
18. Money
19. Economic System
20. International Trade
21. Balance of Payment
22. Goods and Services Tax