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Having a thorough knowledge on the fundamental aspects of any subject is essential to analyze and understand its advanced versions. The same is conceptualized in this text book entitled, ‘Agricultural Production Economics’, as it dealt with all the basic economic concepts of agricultural production and thus, explained the related advanced versions in a more analytical manner. Though several books were authored in the field of ‘Agricultural Production Economics’, this book is relatively a significant achievement, as it offered simple and lucid explanation for different concepts and primarily designed as an aid for those teaching Agricultural Production Economics. This book harbours an up-dated and standard material on the various aspects of Agricultural Production Economics duly covering the latest syllabi, as prescribed by several State Agricultural Universities in India. It covers both fundamental and applied aspects and is intended to serve as a basis for a course in Agricultural Production Economics and attempts at satisfying a need of under-graduate students of agriculture, post-graduate and doctoral students of Agricultural Economics. This book will also be worthwhile to teachers, researchers, professionals, farmers etc. Hope this volume will also be very useful to the students, who desire to be competent enough in various competitive examinations.