Based on the author's widely used earlier text African Farm Management, this account updates the economic analysis of tropical agriculture and includes examples from all parts of the developing world. Writing in a clear, concise style, Professor Upton explains the essential theories of farm economics without numerous mathematical formulae. This account is completely revised, with increased emphasis on 'farm household economics', in which farms are seen as consumers as well as producers. Containing a new chapter on the economics of irrigated agriculture. This book provides an invaluable economic framework for better understanding the management of farming systems in the tropics, and will be welcomed by students of tropical agriculture worldwide.

In this book, Leslie Small and Ian Carruthers examine in detail the potentials and limitations of user fees for financing irrigation operation and maintenance. Both authors have extensive field experience in irrigation in developing countries and have combined this experience with simple concepts of economics to examine possible institutional and financial reforms which would not simply ask farmers to pay for an inadequate irrigation service, but would create the potential for significant improvements in the quality of the service provided. The proposed elements of any such reform are discussed in depth - a system of user fees covering the recurrent costs of irrigation; a financially autonomous irrigation agency that can retain and use the fees to operate and maintain the irrigation facilities; and a macro policy environment that is not unduly skewed against the agricultural sector. Written in a style intended to convey economic perspectives and insights to non-economists, this book will be essential reading for all those concerned with the financing and performance of irrigation in developing countries.

This textbook addresses the main economic principles required by agricultural economists involved in rural development. The principles of 'micro-economics' or 'price-theory' are of relevance to economists everywhere, but this book reinforces the message of their relevance for rural development by explaining the theory in the specific context of the agricultural and food sectors of developing countries. Hypothetical and actual empirical illustrations drawn almost exclusively from such countries distinguish this book from other economic principles texts that draw their examples almost invariably from industrialised countries, and also from books more oriented to the issue of rural development. The first half of the book deals with the underlying principles of production, supply and demand. These are essential tools for the study and management of the agricultural sector and food markets. In the second half, supply and demand are bought together into a chapter of equilibrium and exchange. This is followed by chapters on trade and the theory of economic welfare. In the final chapter it is shown that much of the material in the earlier chapters can be combined by agricultural economists into a system for analysing and comparing the effects of alternative agricultural policies. The ability of agricultural economics to provide a consistent framework for the analysis of policy problems thus enables it to make a key contribution to rural development.