Why do governments make decisions? How do governments make decisions? What are the economic consequences of the decisions that governments make? Agricultural and resource policy is more than just theory, it is the application of economics to real world problems. Agricultural and Resource Policy develops a framework for analysis and investigates the issues that affect the sector internally and in interactions with the rest of the economy. Agricultural and Resource Policy is an invaluable text for students of agriculture, economics and business. It is also an important reference for those interested in the continuing development of agricultural industry.