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Purchased Inputs

In: Agricultural Development and Economic Transformation

Author

Listed:
  • John W. Mellor

    (Cornell University
    John Mellor Associates, Inc.)

Abstract

The core of agricultural modernization is yield and income-increasing technology based on modern science. Associated with new technology is a shift from inputs produced on the farm to those that are purchased and dramatic increase in the quantity of those purchased inputs. That in turn requires new types of servicing businesses and institutions. There is scope for increased efficiency in the use of purchased inputs and there are environmental problems that must be addressed. However, they are essential in large quantities to modernization and all its benefits. Five types of purchased inputs are discussed in this chapter: fertilizer, irrigation, seed, pesticides, and machinery.

Suggested Citation

  • John W. Mellor, 2017. "Purchased Inputs," Palgrave Studies in Agricultural Economics and Food Policy, in: Agricultural Development and Economic Transformation, chapter 0, pages 165-179, Palgrave Macmillan.
    • Handle: RePEc:pal:psachp:978-3-319-65259-7_13
    DOI: 10.1007/978-3-319-65259-7_13
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