IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-230-37970-1_21.html
   My bibliography  Save this book chapter

Agriculture

In: The World Trading System

Author

Listed:
  • Brian McDonald

Abstract

Most economists recognise that this sector has specific characteristics that set it apart from others. The sector suffers from being both cyclical and close to the traditional concept of a perfectly competitive market. There is a tendency for both oversupply and undersupply arising from crop and animal production cycles and from farmers’ lack of information or ignorance about what the market will actually bear in a particular season. At the consumer end, overproduction can be a good thing in that it can lead to lower prices. However overproduction can also lead to underproduction in the next season as farmers adjust their efforts, with consequences for prices that are not so attractive.

Suggested Citation

  • Brian McDonald, 1998. "Agriculture," Palgrave Macmillan Books, in: The World Trading System, chapter 21, pages 189-214, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-37970-1_21
    DOI: 10.1057/9780230379701_21
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-0-230-37970-1_21. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.