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Introduction

In: The Handbook of Global Agricultural Markets

Author

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  • Luc Nijs

Abstract

The agricultural sector is characterized by several dynamics that distinguish it from other economical activities. They could be summarized as follows: 1. High sensitivity to natural conditions This includes discrepancies among climatic conditions (e.g., rain, temperature) from one season to another that impact the level of agricultural production, especially in perpetual farming areas, as well as in all areas in general. This results in an inconsistent relationship between production inputs (e.g., seeds, fertilizers, plaguing, weeding, hoeing) and the final product, and consequently in production fluctuations that require government interference to restore balance for the benefit of producers, consumers, or both. Man’s ability to control the agricultural environment is still limited and varies from one country to another according to the development achieved in biotechnology, which is determined in turn by the location of invention. This explains the slow transfer of these innovations to countries with differences in environmental conditions.

Suggested Citation

  • Luc Nijs, 2014. "Introduction," Palgrave Macmillan Books, in: The Handbook of Global Agricultural Markets, chapter 1, pages 1-42, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-30234-2_1
    DOI: 10.1057/9781137302342_1
    as

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