Download pdf
Research on the Influence of the Law of Diminishing Marginal Returns in Agriculture
- 1 Dalian Huamei Bilingual School
* Author to whom correspondence should be addressed.
Abstract
Agriculture is the primary industry in China and plays a vital role in the country's economic construction. In the process of developing agriculture, there are many scientific methods and laws that need to be followed in order to increase crop yield, reduce costs, and thus obtain more profits. The law of diminishing marginal returns is a widely used theory in the agricultural field. This paper studies the embodiment and influence of the law of diminishing marginal returns on some important factors in agricultural production. The research method adopted is empirical research. The study concluded that the planting density, the number of labor and the amount of fertilizer applied in agriculture largely follow the law of diminishing marginal returns—blindly increasing the above factors will not maximize the benefit, but will make the total profit negative growth. Therefore, it must be combined with the actual production situation, control its use in agricultural production, so as to maximize the profit, that is, the marginal revenue brought by the input is equal to its marginal cost.
Keywords
law of diminishing marginal returns, agriculture, yield, maximum returns
[1]. The Peak Performance Center, The Law of Diminishing Rule
[2]. Yared Assefa, Analysis of Long Term Study Indicates Both Agronomic Optimal Plant Density and Increase Maize Yield per Plant Contributed to Yield Gain, Scientific Reports, March 2018.
[3]. Zhu Z L. On the methodology of recommendation for the application rate of chemical fertilizer nitrogen to crops[J]. Journal of Plant Nutrition and Fertilizers, 2006, 12(1): 1–4. doi: 10.3321/j.issn:1008-505X.2006.01.001
[4]. Zhao Y N, Su M M, Lü Y, et al. Wheat yield, nutrient use efficiencies and soil nutrient balance under reduced fertilizer rate[J]. Journal of Plant Nutrition and Fertilizers, 2017, 23(4): 864–873. doi: 10.11674/zwyf.16417
[5]. Chuan L M. Methodology of fertilizer recommendation based on yield response and agronomic efficiency for wheat[D]. Beijing: PhD Dissertation of Chinese Academy of Agricultural Sciences, 2013.
[6]. Zhao Y N, Xu X, Huang Y F, et al. Nitrogen requirement and saving potential for wheat and maize in Henan Province[J]. Scientia Agricultura Sinica, 2018, 51(14): 2747–2757. doi: 10.3864/j.issn.0578-1752.2018.14.012
Cite this article
Liang,X. (2023). Research on the Influence of the Law of Diminishing Marginal Returns in Agriculture. Advances in Economics, Management and Political Sciences,8,262-267.
Data availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
Disclaimer/Publisher's Note
The statements, opinions and data contained in all publications are solely those of the individual author(s) and contributor(s) and not of EWA Publishing and/or the editor(s). EWA Publishing and/or the editor(s) disclaim responsibility for any injury to people or property resulting from any ideas, methods, instructions or products referred to in the content.
About volume
Volume title: Proceedings of the 2nd International Conference on Business and Policy Studies
© 2024 by the author(s). Licensee EWA Publishing, Oxford, UK. This article is an open access article distributed under the terms and
conditions of the Creative Commons Attribution (CC BY) license. Authors who
publish this series agree to the following terms:
1. Authors retain copyright and grant the series right of first publication with the work simultaneously licensed under a Creative Commons
Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this
series.
2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the series's published
version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial
publication in this series.
3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and
during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See
Open access policy for details).