Institutional Economics: A Review of Theories and Practices in Agricultural Development (original) (raw)

This paper reviews the role of institutional environments in agricultural development, focusing on how technological research can be made effective in practice. It highlights critical issues such as the transmission of agricultural research knowledge to farmers, the management of soil and moisture for optimal crop yield, and the challenges faced by small farmers due to limited access to resources and markets. The discussion includes the importance of cooperative marketing structures and their mixed performance, suggesting that successful models can contribute positively to agricultural productivity.