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Agricultural Economics

Agricultural economics supports the biggest GDP contributor i.e. the agriculture sector. 

Introduction

Agricultural economics is the study of applying economics management principles in the field of food farming. Agricultural economics is a relatively new field, considering the countless years that people have been farming. Interest began to shift in this field in  early 1900s, Many economic experts around the globe began focussing on and started giving attention towards the department of agriculture.

In India, agriculture has contributed a lot when we talk about the income of the country. According to surveys, the agriculture sector till today has contributed 50% to the GDP (Gross Domestic Production).

Professionals in this field apply their knowledge of economics and agriculture, and help business leaders in this industry and the government to make crucial decisions about food production, rural development, natural resources etc. Experts believe that farms around the world could see greater development and profits with a change of thought.

As a student, you will explore/learn more about the production, distribution and consumption of food and agricultural goods and services. Plus, many universities and colleges have started offering agricultural economics programmes with the intent of preparing students for a career in this field.

Courses and eligibility

This programme can be a good fit for you if you:

  • Are interested in agricultural, food or natural resource industries
  • Enjoy math and like to work with numbers
  • Are a good problem solver and analytical thinker
  • Are involved in 4-H, FFA or other agriculture-related activities
  • Have 10+2 basic eligibility

Career outcomes

With this degree, you could become a/an:

1. Economic analyst

2. Marketing director

3. Market analyst

4. Policy analyst

5. Farm manager

6. Researcher

7. Community planning consultant

8. Real estate appraiser

Agricultural Economics Foreign Universities

  • Mcgill University, (Quebec)
  • Nova Scotia Agricultural College, (Nova Scotia)
  • UniversiteLaval, (Quebec)
  • University of Alberta,(Alberta)
  • University Of Guelph,(Ontario)
  • University Of Manitoba,(Manitoba)
  • University Of Saskatchewan,(Saskatchewan)

Institutes in India

  • Indian Agricultural Research Institute, Delhi
  • Central Institute of Agricultural Engineering, Bhopal
  • College of Agricultural Engineering, Ludhiana
  • College of Agricultural Engineering and Technology, Junagadh
  • Mahatma Phule Krishi Vidyapeeth College of Agriculture, Pune
  • Center of Biotechnology, Anna University
  • Allahabad Agricultural Institute, Allahabad
  • National Institute of Agricultural Extention Management, Hyderabad

Famous agriculture economists

Steven Bishop

John S. Watson

John Garang

Adam Afriyie

Lawrence W. Sidwell

Salary

Starting salary: Rs 12,000 to 15,000 (approx.)

Expert's salary: Rs 35,000 - 55,000 (approx.)