In this paper, recent theoretical advances of modeling are amplified and applied to a sample linear programming problem to demonstrate its usefulness for policy analysis. Policymakers and planners in agriculture are looking for analyses that will aid them in appraising what future levels of...

The objectiye of this paper is to discuss a farm management training course designed to develop allocative ability. The paper consists of three sections. The first section briefly emphasizes the importance of allocative ability in relation to farm management decisionmaking. The second section...

In Europe, America, Africa and Asia, the Twentieth Century has witnessed movements towards economic unions and/or common trading arrangements. The fact that early movements at common trading policies were among advanced countries, indicate that even economies at such advanced stages of...

The role of capital formation in the process of economic development has been critically appraised by economists and policy-makers. 1 Identifying sources of capital and regulating the rate of capital growth are essential tasks of economic planning in developing nations. Economic growth models,...

In this paper we will attempt to determine the optimal price level for agricultural products and to find the otpimal combination of agricultural price - and structural policies which minimizes the government expenditures for agricultural supports.