Agricultural economics

line-height:normal"> mso-fareast-font-family:"Times New Roman"">Agriculture often appears to be one
of the most difficult industries, frequently leading to some form of market
failure. In the EU, agriculture is the most heavily subsidized industry, yet
despite the cost of the subsidy it fails to address many issues relating to
agriculture such as prices of agricultural produce. Prices in agricultural
markets are often much more volatile than other industries. This is because:



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