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Essays by leading agricultural economists provide an introduction to California agriculture. Each chapter includes basic data, trends over time, and current issues. The project was supported by the Giannini Foundation of Agricultural Economics, which was established with a 1928 grant to analyze and propose policies to improve California agriculture.
Agricultural yields have increased steadily in the last half century, particularly since the Green Revolution. At the same time, inflation-adjusted agricultural commodity prices have been trending downward as increases in supply outpace the growth of demand. Recent severe weather events, biofuel mandates, and a switch toward a more meat-heavy diet in emerging economies have nevertheless boosted commodity prices. Whether this is a temporary jump or the beginning of a longer-term trend is an open question. Agricultural Productivity and Producer Behavior examines the factors contributing to the remarkably steady increase in global yields and assesses whether yield growth can continue. This rese...