Keywords

Agricultural Production Economics, Production Function, Resource Allocation, Marginal Product, ,Average Product, Isoquant, Iso-cost Line, Marginal Rate of Substitution (MRS), Elasticity of Production, Diminishing Returns, Factor-Product Relationship, Factor-Factor Relationship, Production Possibility Curve, Least-Cost Combination, Expansion Path, Marginal Value Product (MVP), Profit Maximization, Pure Competition, Input–Output Analysis, Total Physical Product (TPP)

Agricultural Production Economics: Principles, Practices and Strategies

authored by: R. L. Shiyani & Naveen P. Singh
ISBN: 9789372193473 | Binding: Hardback | Pages: 280 | Language: English | Copyright: 2026
Length: 152 mm | Breadth: 14.25 mm | Height: 229 mm | Imprint: NIPA | Weight: 700 GMS
INR 1,995.00 INR 1,796.00
 
Free Worldwide Delivery Within 10-15 Days By Indian Post (Traceable Methods)

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.

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

 
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