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Agrifood Economics
Università degli studi di Firenze design of sustainable tourism systems – progettazione dei sistemi turistici 2022
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- Agriculture in Europe contributes minimally to the economy and employment, with low income due to under-remuneration and market instability.
- Agriculture is characterized by high fixed costs, biological inputs, family-based operations, and a higher average age of farmers leading to many small farms.
- Johnson’s model explains supply rigidity in agriculture through barriers to exit and entry, with prices of resources differing between acquisition and salvage, making it difficult for farmers to adjust their production based on market conditions.
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