Introduction
It means the science and Art of producing crops and livestock for economic purposes. Agriculture is an art of raising plant life from the soil for the use of mankind. Agriculture is the milestone in the history of human civilization, due to agriculture man settled at a particular place. Agricultural economics is an applied field of economics concerned with the application of economic theory in optimizing the production and distribution of food and fiber. Agricultural economics influences food policy, agricultural policy, and environmental policy.
Description
The primary objective of agricultural economists is to maximize profitability in agriculture to the benefit of society. They pursue this aim through studying and analyzing the aspects that influence the agricultural economy and distribution of resources, such as land, raw materials, labor and machinery. Agricultural economics is an applied field of economics concerned with the application of economic theory in optimizing the production and distribution of food and fiber. Agricultural economics began as a branch of economics that specifically dealt with land usage, it focused on maximizing the crop yield while maintaining a good soil ecosystem.
Conclusion
In Agricultural Economics production of food, fiber and production. They pursue this aim through studying and analyzing the aspects that influence the agricultural economy and distribution of resources, such as land, raw materials, labor and machinery.