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Economics of Resources, Agriculture, and Food provides a solid foundation of both micro and macro economics in the context of the contemporary problems being addressed by agricultural economists. In addition to the usual examples taken from production agriculture, the book is laced with examples from and references to agribusiness, international agriculture, and consumer problems. Realizing that what was once "farm policy" is now comprehensive "resource, agriculture, and food" policy set in an international setting, these authors now provide readers with a single source that encompasses the numerous, recent developments and trends in this ever-changing field. . . a field that has become more demanding and more exciting than ever.

This work focuses on public policies and alternatives of the 20th century, as well as the emerging issues of the 21st century. It encompasses both the agricultural-producing and the food-consuming sectors and addresses resources issues and trade policy. The interrelationships of the national and international markets are also included, with an examination of the United States and world economic situation for food and agricultural policy. The book recognizes that the foundations of public policy rest on both the general theory of economics and the theory and practice of politics or political science.