Agricultural Economics and
Agribusiness, 8th Edition
Gail L. Cramer, Clarence W. Jensen, Douglas D. Southgate, Jr.
Hardcover 544 Pages
This book examines the
structure and organization of the agricultural industry, then discusses basic micro and
macroeconomics principles as they apply to agriculture. Principles of economics are used
to demonstrate to the reader that theory actually makes reality more understandable. The
book is at the right level and is kept consistently up-to-date-the only text that has been
consistently revised!
Introduction.
The Farm and Food System.
Consumer Behavior and
Demand.
Producer Decision Making:
Single-Variable Input Functions.
Producer Decision Making:
Two-Variable Inputs and Enterprise Selection.
Production Costs, Supply,
and Price Determination.
Competition and the Market.
Imperfect Competition and
Market Regulation.
Macroeconomics.
Financial Picture of
Agriculture.
Agricultural Price and
Income Policies.
Marketing Agricultural
Commodities.
Natural Resources.
Rural Development.
International Economics.
Agriculture's Role in
Economic Development.
Global Food Demand and
Supply.
A List of Reference Books
for the Beginning Student.
Basic Sources of
Agricultural Statistics.
Glossary.
Photo Credits.
Index.
Gail L. Cramer is currently
L. C. Carter Chair Professor in the Department of Agricultural Economics and Agribusiness
at thre University of Arkansas, a position he has held since 1987. He attained his
Bachelor's degree in 1963 from Wahsington State University, hos Master's degree from
Michigan State University in 1964, and his Ph.D. in Agricultural Economics from Oregon
State University in 1967.
Clearance W. Jensen is
currently Professor Emeritus in the Department of Agricultural Economics and Economics, an
appointment he has enjoyed since 1980.
He attended Montana State College where he was granted Bachelors and Masters degrees in
Agricultural Economics and Economics in 1951 and 1952. Further graduate work at Michigan
State University was completed, where he received the Ph.D. degree in Agricultural
Economics and Economics in 1958.
Douglas D. Southgate, Jr. is
a Professor of agricultural economics at Ohio State University, where he also has directed
the International studies Center and the Latin American Studies Program. He was awarded a
bachelor's degree in economics by the University of Oregon in 1974 and was elected to Phi
Beta Kappa. He completed his Ph.D. in agricultural economics at the University of
Wisconsin, in 1980, and the same year joined the faculty at Ohio State. He was promoted to
associate professor in 1986 and to full professor in 1995.