Wage Labour in Developing Agriculture: Risk, Effort and Economic Development

This book examines farm decision-making, incorporating risk in production and off-farm labor, and explores wage determination, pricing, commodity price stabilization, and producer income and output.

\n Format: Paperback / softback
\n Length: 191 pages
\n Publication date: 31 March 2021
\n Publisher: Taylor & Francis Ltd
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Published in 1998, this comprehensive book delves into the intricate realm of farm decision-making, encompassing the multifaceted aspects of risk in both production and off-farm or casual wage labor. It provides a thorough examination of farm household decision-making processes, shedding light on critical issues such as wage determination, pricing strategies, commodity price stabilization, and producer income and output.

The book begins by exploring the theoretical foundations of farm decision-making, emphasizing the role of risk in shaping farmers' choices. It then delves into the practical implications of risk, discussing how farmers manage risks in various production and non-production contexts. The authors employ a multidisciplinary approach, drawing from economics, sociology, and agricultural management to provide a comprehensive analysis of farm decision-making.

One of the key themes of the book is the study of farm household decision-making. The authors examine the factors that influence farm households' choices, including their economic, social, and psychological characteristics. They explore how farm households allocate resources across different production and non-production activities, taking into account factors such as risk, uncertainty, and market conditions. The book also discusses the role of farm households in the broader agricultural system, highlighting their interactions with other stakeholders such as farmers, processors, retailers, and policymakers.

Another important aspect of the book is the exploration of wage determination, pricing, and commodity price stabilization. The authors examine the mechanisms that govern wage rates and prices in the agricultural sector, including the role of labor markets, government policies, and market forces. They discuss the challenges faced by farmers in setting competitive prices for their products and the strategies they employ to stabilize commodity prices.

Producer income and output are also central themes in the book. The authors examine the factors that determine producer income and output, including technological advancements, land availability, and government policies. They discuss the strategies that farmers use to increase their income and productivity, including investment in capital, technology, and education. The book also explores the impact of producer income and output on rural development and the well-being of farm households.

Throughout the book, the authors provide empirical evidence and case studies to support their arguments and illustrate the practical applications of their findings. The book is intended for researchers, policymakers, and practitioners in the fields of agriculture, economics, and rural development. It offers valuable insights into farm decision-making processes, risk management, and the broader agricultural system, and provides a basis for developing effective policies and strategies to support farmers and promote sustainable agricultural development.

In conclusion, this book is a valuable resource for anyone interested in understanding farm decision-making and the complex dynamics of the agricultural sector. It provides a comprehensive analysis of farm household decision-making, wage determination, pricing, commodity price stabilization, and producer income and output. The authors employ a multidisciplinary approach, drawing from various fields to provide a rich and insightful perspective on farm decision-making. The book is intended for researchers, policymakers, and practitioners in the fields of agriculture, economics, and rural development, and offers valuable insights into the challenges and opportunities facing farmers and the agricultural sector.

\n Weight: 308g\n
Dimension: 153 x 220 x 21 (mm)\n
ISBN-13: 9781138359789\n \n