Date of Award
5-1-2025
Degree Name
Master of Science
Department
Agribusiness Economics
First Advisor
Moon, Wanki
Abstract
Agricultural production is one of the widely expanded business sectors in the world. The aim of this study is to find out the driving factors behind cereal and soybean productivity as well as the production trends in the top twenty cereal and top seven soybean producing countries, respectively. Secondary data, which include both time series and cross-sectional data, were used for the analysis of 520 observations from the top twenty cereal producing countries and 427 observations from the top seven soybean producing countries.The panel data regression model was the statistical tool adopted in this study to determine the factors driving agricultural productivity. The results showed that the government subsidies, education, fertilizer, irrigation, pesticide, and temperature are the major factors that significantly affect the yield of cereal. It also revealed that the government subsidies, precipitation, education, fertilizer, irrigation, temperature, and commodity price significantly influence the yield of soybean. Thus, the results validate the fact that government policy (subsidy), climate-related factor (precipitation), socioeconomic factor (education), technological factor (irrigation), environmental factor (temperature), input factors (fertilizer and pesticide), and market factor (commodity price) all have an impact on the agricultural productivity.
Access
This thesis is Open Access and may be downloaded by anyone.