Agricultural economy in the context of "Food policy"

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⭐ Core Definition: Agricultural economy

Agricultural economics is an applied field of economics concerned with the application of economic theory in optimizing the production and distribution of food and fiber products. Agricultural economics began as a branch of economics that specifically dealt with land usage. It focused on maximizing the crop yield while maintaining a good soil ecosystem. Throughout the 20th century the discipline expanded and the current scope of the discipline is much broader. Agricultural economics today includes a variety of applied areas, having considerable overlap with conventional economics. Agricultural economists have made substantial contributions to research in economics, econometrics, development economics, and environmental economics. Agricultural economics influences food policy, agricultural policy, and environmental policy.

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Agricultural economy in the context of Balıkesir Province

Balıkesir Province (Turkish: Balıkesir ili) is a province and metropolitan municipality in northwestern Turkey with coastlines on both the Sea of Marmara and the Aegean. Its area is 14,583 km, and its population is 1,276,096 (2024). Its adjacent provinces are Çanakkale to the west, İzmir to the southwest, Manisa to the south, Kütahya to the southeast, and Bursa to the east. The provincial capital is Balıkesir. Most of the province lies in the Marmara Region except the southern parts of Bigadiç Edremit, Kepsut, İvrindi, Savaştepe and Sındırgı districts and ones of Ayvalık, Burhaniye, Dursunbey, Gömeç and Havran, that bound the Aegean Region. Kaz Dağı (pronounced [kaz daːɯ]), known also as Mount Ida, is located in this province. Balıkesir province is famous for its olives, thermal spas, and clean beaches, making it an important tourist destination. The province also hosts immense deposits of kaolinite and borax, with some open-pit mines. The Kaz mountains are also threatened with the expansion of gold mining using cyanide which puts the villagers' lives, the agricultural economy, and tourism at risk.

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