|

Assalam-0-alaikum

| - | How are you all steemians? I hope you all steemians will be safe and sound by the grace of Allah Almighty and I'm fine too Alhamdulillah. Today I am here to share my participation in the contest organized by @hive-118902 |

Discuss on Agricultural economics

| - | ![1000143628.jpg](https://cdn.steemitimages.com/DQmfReUMB54E9fKxF5FHTygUKnXUv1dyRyDXRZAcxVKfsfn/1000143628.jpg) [Link](https://www.pexels.com/photo/crop-man-with-paper-banknotes-on-blooming-meadow-4495803/) The agricultural economics is a special field that applies the principles of the economics, the processing and the utilisation of the products of the agriculture.It includes a wide range of the topics from the management of the farming to the international trading and the sustainability of the environment.The economics of the agriculture inspect that how the short resources are assigned in the agriculture. The farm management is the one key area to focus in the economics of the agriculture , the farming involves the use of the resources to gain the maximum profit.The economists in the field of the agriculture analyze the costs, prices in the market and yields to help the farmers to make decisions about the selection of the crops and what investments can be done in the new technologies. .This includes the decision analysis made by the farmers, business of the agriculture and the strategists.The farmers decide that what can be produced, how much quantity can be produced while considering the land, Labor and technology factors. The companies which are involved in the processing, distribution of the products of the agriculture and the marketing of the agricultural products are called as the agribusinesses, these face the similar decisions which are associated with the profits, efficiency and the competition of the market. |

Importance of Agricultural Economics

| - | ![1000143629.jpg](https://cdn.steemitimages.com/DQmZQFaEG5TAD4JgtypH5C1eRkAcsQMupgVH2PAnJhfUTym/1000143629.jpg) [Link](https://www.pexels.com/photo/aerial-footage-of-farmer-plowing-grains-5563365/) The agricultural economics is a special field that applies the principles of the economics, the processing and the utilisation of the products of the agriculture.It includes a wide range of the topics from the management of the farming to the international trading and the sustainability of the environment.The economics of the agriculture inspect that how the short resources are assigned in the agriculture. The economics of the agriculture is helpful for the farmers to make the decisions about the allocation of the resources. This is about the determination of the use of the land, labor to make the maximum productivity and increase the profitability and efficiency.This is benifical and effective to understand the costs of the yield, what other farming practices are benifical. The market analysis and the determination of the prices include the supply of the production, demands and the fluctuations in the prices. This analysis is useful to understand the trends in the market, the prediction of the changes in the prices and the development of the different strategies for the marketing of the agricultural products. The economists in the field of the agriculture play crucial roles in the formulation and the evaluation of the agricultural policies.They analyse the impacts of the policies which are related to the trading, subsidies and the regulation in the environmental factors. The agriculture is risky because of the weather, pests and the volatility in the market. The agricultural economics is helpful to provide such tools and the technologies to manage these risks. |

Challenges Encountered in Agricultural Economicsand the possible solutions

| - | ![1000143630.jpg](https://cdn.steemitimages.com/DQmVGt6e3AHDrbUXCoCoaR6piLAKNnwXraYpzVKeGY1pfvY/1000143630.jpg) [Link](https://images.pexels.com/photos/2134272/pexels-photo-2134272.jpeg?cs=srgb&dl=pexels-quang-nguyen-vinh-222549-2134272.jpg&fm=jpg) Challenges| Solutions --|-- The prices are high because of the weather,pests and the global events. This affects the income of the farmers.| Promotion of the climate smart practices in the agriculture, investment in the research Due the changes in the climate such as change in the pattern of the weather and the pests spread can cause the reduction in the yields. | Enhance the land and water management practices If the availability of the land and the water is limited in those regions where the population rate is high is also a big challenge.|The adoption of the new technologies must be supported through the training programs. The barriers to access the market such as traffic.| Implementation of the tools to stabilise the prices |

I INVITE YOU

| - | @destinydreamer @suboohi @ashkhan @kouba01 |

Thank you for reading my post.

| - |