This text incorporates new information and devotes more time and space to the issues of agricultural industrialization and market structure likely to be faced by applied economists.

• Responds to a critical need to train students to work in the new world of agricultural markets
  
• Explicitly integrates empirical analysis of issues while maintaining the theoretical and practical issues of applied market analysis
  
• Places a high emphasis on market structure, imperfect competition, vertical coordination, contracting, etc., providing...