Agricultural Economics and Rural Land-use by M. J. Stabler (auth.)

By M. J. Stabler (auth.)

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These interests largely reflect wider concern over the relative performance of agriculture and, moreover, show that marketing and agricultural policy are inextricably mixed. Findings on the structure and functioning of agricultural markets influence policy decisions and at the same time the operation of markets is often determined by the measures instituted by the central government - the instance of marketing boards has already been cited. Therefore, in examining agricultural and related markets, some discussion of agricultural policy is unavoidable, but attention is drawn to further appraisal of markets in Chapter 3 on policy (pp.

31 Fanners' attributes include age, education, income and nature and size of enterprise. The implications of 'socio-economic' studies are greater for predominantly under-capitalised economies. The example of the 'Green Revolution' highlights the consequences of ill-founded applications of techniques by outside agencies of new strains of grain in Asia. The social, economic and technical attributes of farmers in the recipient countries were not equal to the quality of the new input, thus leading to its partial failure as an improved technique.

Spengler (eds) Traditions, Values and Socio-Economic Development (Duke University Press, 1961); E. E. Hagen, On the Theory of Social Change: How Economic Growth Begins (Dorsey, 1962). 32 structure and technical factors are also important. Many studies have considered that investment in agriculture is constrained by the availability of funds because of forms of tenure, but a major problem, it is alleged, is an institutional one in that there is no central market for agricultural credit. Thus the farmer has to rely on his own income or the commercial banking system.

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