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Agricultural economics is a field of applied economics that studies how economic theory and principles can be used to optimise food production and distribution. Some of the major themes in agricultural economics are food and consumer economics, development economics, production economics, farm management, etc. Agricultural economics has implications on rural development through process whereby the quality and economic well-being of rural communities are improved. This is being driven through an emphasis on integrative fields such as rural finance and institutions, agricultural policy and development, farm management, etc. This book is a compilation of chapters that discuss the most vital concepts and emerging theories in the field of agricultural economics. It aims to present researches that have furthered rural development. This book will prove to be immensely beneficial to students and researchers in these fields.