Jean-Paul Chavas (email: firstname.lastname@example.org) is a Professor of Agricultural and Applied Economics, Taylor Hall, University of Wisconsin, Madison, WI 53706, USA.
On the economics of agricultural production*
Article first published online: 5 NOV 2008
© 2008 The Author. Journal compilation © 2008 Australian Agricultural and Resource Economics Society Inc. and Blackwell Publishing Asia Pty Ltd
Australian Journal of Agricultural and Resource Economics
Volume 52, Issue 4, pages 365–380, December 2008
How to Cite
Chavas, J.-P. (2008), On the economics of agricultural production. Australian Journal of Agricultural and Resource Economics, 52: 365–380. doi: 10.1111/j.1467-8489.2008.00442.x
The article was presented at the 52nd Annual Conference of the Australian Agricultural and Resource Economics Society in Canberra, 5–8 February 2008. Author thanks an anonymous referee for useful comments on an earlier draft of the article.
- Issue published online: 5 NOV 2008
- Article first published online: 5 NOV 2008
- agricultural production;
Agriculture is in the business of using ecosystem services to produce food. Examining how agro-ecosystems function provides useful insights into the economics of agriculture. Of special interest are the presence and nature of scale effects, complementarity effects and convexity effects in ecosystem functioning. Implications for agricultural productivity and the economics of agriculture are evaluated. At the farm level, this helps to better understand the current trend toward greater specialisation. Current challenges for agricultural contracts, markets and policy are explored.