Type: Book

Instant Insights: Economics of key agricultural practices


Dr Philip R. Crain



Publication date:

24 January 2023

Length of book:

160 pages

ISBN-13: 9781801466028

Paperback - £37.99
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This collection features six peer-reviewed reviews on the economics of key agricultural practices.

The first chapter assesses the economic impact of horticultural crops and integrated pest management programmes. The chapter highlights the importance of considering agricultural system design and the utilisation of novel control tactics.

The second chapter considers the economic consequences of novel integrated weed management (IWM) strategies, as well as the different approaches used to assess the economics of IWM strategies.

The third chapter reviews developments in methods to assess the economic value of agricultural biodiversity. The chapter also outlines the limitations of these methods and proposes a possible, novel way forward.

The fourth chapter provides an overview of the economic barriers faced by smallholder farmers, including land, labour, capital and inputs, and their impact on farm profitability.

The fifth chapter reviews the economics of soil health, focussing on the adoption of soil health management practices by farmers and the effectiveness of incentives.

The final chapter examines the use of economic research as a tool to determine the profitability and adoption potential for a number of precision agriculture technologies.

Key features

  • Detailed assessment of the economic impact of key and emerging agricultural practices, including integrated weed management and integrated pest management 
  • Provides readers with considered discussions on the economic barriers faced by smallholder farmers and to what extent these barriers can influence their future as a recognised producer 
  • Considers the effectiveness of farmer incentives in the adoption of soil health management practices

Table of contents

Chapter 1 - Assessing the economics of integrated pest management for horticultural crops: Philip R. Crain and David W. Onstad, Corteva Agriscience, USA;
1 Introduction
2 Concepts of economic thinking
3 Economic impact of horticultural crops and case studies on the complexity of integrated pest management
4 Conclusion
5 Future trends in research
6 Where to look for further information
7 References

Chapter 2 - Evaluating the economics of integrated weed management: Pieter de Wolf, Saskia Houben, William Bijker and Koen Klompe, Wageningen Plant Research, The Netherlands;
1 Introduction
2 Approaches to economic evaluation
3 The case study in IWMPRAISE
4 Comparing the economics of different integrated weed management strategies
5 Different approaches in assessing the economics of integrated weed management strategies
6 Comparing different approaches in the economic evaluation of integrated weed management strategies
7 Where to look for further information
8 References

Chapter 3 - Assessing the economic value of agricultural biodiversity: a critical perspective: Corrado Topi, Stockholm Environment Institute at York, Department of Environment and Geography and Interdisciplinary Global Development Centre, University of York, UK; and Leonie J. Pearson, Stockholm Environment Institute, Thailand;
1 Introduction
2 The relationship between definitions and economic approaches
3 What does valuing agricultural biodiversity mean?
4 The ecosystem services framework (ESF)
5 Ecosystem interactions
6 Understanding the limitations of ecosystem service valuations
7 The investor perspective: the natural environment as a legally structured persona
8 Conclusions
9 References

Chapter 4 - The economics of smallholder farming: David Eagle and Nadira Saleh, Mennonite Economic Development Associates (MEDA), Canada;
1 Introduction
2 Segmentation
3 Land
4 Labour
5 Capital
6 Inputs
7 Market access
8 Decision-making
9 Case study: BEST Cassava
10 Summary
11 Where to look for further information
12 References

Chapter 5 - The economics of soil health: Maria Bowman, ERS-USDA, USA;
1 Introduction
2 Use of key soil health practices by farmers in the USA
3 Costs and benefits of soil health practices
4 Case studies in soil health: strengths and limitations
5 Public benefits of soil health and soil health management practices
6 Barriers to adoption of soil health practices
7 Evaluating the role of federal and state regulations, policies and incentive programmes
8 Future trends and conclusion
9 Where to look for further information
10 References

Chapter 6 - The economics of precision agriculture: James Lowenberg-DeBoer, Harper Adams University, UK;
1 Introduction
2 Adoption of PA technology
3 PA adoption and economics
4 Predicting future trends based on recent studies of PA profitability
5 Future trends and conclusion
6 Where to look for further information
7 References