Tag Archives | Agricultural Economics

4 Major Instruments of Price Policy

The following points highlight the four major instruments of price policy. The instruments are: 1. Minimum Support Prices 2. Procurement Prices 3. Public Distribution System 4. Buffer Stock. Instrument # 1. Minimum Support Prices: The minimum support price is the foremost instrument in the nature of a long-term guarantee to producers. These prices are generally announced well in advance of [...]

By |2016-08-18T11:21:41+05:30August 18, 2016|Agricultural Economics|Comments Off on 4 Major Instruments of Price Policy

Basis of Price Fixation: 3 Criterions

The prices are fixed on the basis of one or more of the following criteria: 1. Cost of Production 2. Ruling Prices Criterion 3. Parity Price Criterion. Criterion # 1. Cost of Production: The average cost or the bulk line cost of production calculated with the help of cost accounting technique can be made a basic for determining the level [...]

By |2016-08-18T11:21:39+05:30August 18, 2016|Agricultural Economics|Comments Off on Basis of Price Fixation: 3 Criterions

Stages of Agriculture Development

From the point of agricultural development, Mellor divides agriculture into three stages. The stages are: 1. Traditional Agriculture 2. Technologically Dynamics Agriculture-Low Capital Technology 3. Technologically Dynamic Agriculture High Capital Technology. Stage # 1. Traditional Agriculture: "It is a technologically stagnant stage in which production is increased largely through slowly increased application of traditional forms of land, labour and capital." [...]

By |2022-12-30T13:53:13+05:30August 18, 2016|Agricultural Economics|Comments Off on Stages of Agriculture Development
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