Agricultural Production Economics is a comprehensive textbook that explains the economic principles governing the use of land, labour, capital, and management in agricultural production systems. The book introduces students to the foundations of production economics, including resource allocation, cost minimization, factor–product relationships, factor–factor relationships, and product–product relationships. Complex concepts such as production functions, isoquants, elasticity of production, marginal analysis, and optimization of profit are simplified through diagrams, numerical examples, and step-by-step explanations.

The text discusses the three stages of production, input–output relationships, diminishing returns, least-cost combinations, expansion paths, and decision-making under pure and perfect competition. Designed for learners of agricultural economics, farm management, and agribusiness, this book serves as an essential guide for understanding how farmers make rational decisions to maximize profit while achieving efficient resource use. It is especially valuable for students preparing for competitive examinations and professionals involved in farm planning and agricultural policy analysis.

R L Shiyani is former Professor & Head of Agricultural Economics at Junagadh Agricultural University. With over thirty five years of academic and research experience, he has authored several publications and contributed to agricultural economics policy and teaching.

Naveen P Singh is Principal Scientist at ICAR-National Institute of Agricultural Economics and Policy Research (NIAP), New Delhi. His research focuses on production economics, technology evaluation, and policy impact assessment. He has authored multiple research papers and policy documents

Chapter 1.Agricultural production economics its scope and natre
Chapter 2.Factor-factor relationship: basic concept    
Chapter 3.Factor-factor relationship in production function analysis    
Chapter 4.Input-output relationship (production function)    
Chapter 5.Product-product relationship: basic concept    
Chapter 6.Production possiblity curves or transformation functions.    
Chapter 7.Cost concpts: Kinds of costs    
Chapter 8.Two inportant time periods while considering costs    
Chapter 9.Effect of price changes    
Chapter 10.Terminologies used in Production Economics    
Chapter 11.Production Functions    
Chapter 12.Assumptions for estimating production function    
Chapter 13.Types of Production Functions
Chapter 14.A brief description of procedure of fitting a production function    
Chapter 15.Measurement and analysis of Total Factor Productivity growth in agriculture    
Chapter 16.Economic efficiency in agricultural production    
Chapter 17.Technology and decomposition analysis    
Chapter 18.Yield Gap Analysis    
Chapter 19.Impact of technological changes on production functions    
Chapter 20.Bibliography