Agricultural Economics

12/12/2014 Career


A study of economic principles, with emphasis on their application to
the solution of farm, agribusiness, and agricultural industry problems in
relationship to other sectors is known as Agricultural Economics. In United
States and many other foreign countries the branch of study has great
importance. Agricultural economics teach people how to predict trends in
markets for farm products. Students learn how farms and ranches use
resources and invest in agriculture. They learn to observe and explain
changes in markets

As an agricultural economist; you would monitor crops, prices, animal
health, equipment, imports and exports, weather cycles, buying patterns, and
new methods of production. You would consider ups and downs in the general
economy and consumer preferences. When you have special expertise, such as
in crops or equipment, you might work as an agricultural consultant.
Agricultural economists usually have at least a master's degree.


Applicants must possess a Bachelors degree or an equivalent qualification
for studying M.Sc. in Agricultural Economics. Minimum duration is 2 years on
full time basis. Ph. D. Degree Programme in Agricultural Economics requires
respective master degree.

Career prospects

The growing complexity of the global food system, coupled with advances in
food production, processing, biotechnology, and changes in government policy
will spur demand for agricultural business majors. Indeed, the growing need
for well-trained students with knowledge of agricultural production,
marketing, finance, and policy is expected to result in additional jobs in
the future.

Employment opportunities are excellent in this area. Students are prepared
to enter graduate school in many fields including agricultural economics,
business, economics, and law. Typical job areas are as follows:

Entrepreneurship and Small Business Management will be your own boss.
Working in family enterprises and managing small businesses are the focus of
opportunities in this area.

Agribusiness Management You may work in sales, management, appraisal,
research, or public relations for businesses that produce, buy, sell,
process, and distribute agricultural products.

Public Service Public service careers are available at the federal, state,
and local levels. Federal careers are in such areas as agricultural
production, marketing, finance, conservation, and others. State and local
agencies offer a wide variety of careers.

Veterinary Management The pre-vet option allows students to take the
scientific classes necessary to enter veterinary medicine while acquiring
the skills necessary to manage a veterinary practice upon completion of the
veterinary medicine program.

Finance and Appraisal You would have the opportunity to make loans, evaluate
investment opportunities, and appraise property. Students work for lending
institutions such as commercial and farm banks.

Farm Business Management You would manage farm operations, work for
integrated agricultural firms, or own and manage your own farm.

International Agriculture and Development Job opportunities in international
agriculture have multiplied in recent years, mostly because of the growth of
multinational firms and the efforts of businesses, foundations, and national
governments to assist developing countries. You would be employed in
development, finance, production, natural resource management and marketing
in countries throughout the world.


Remuneration in this field is generally high. The salary varies from one
position to the other. For clerical grade the starting salary may vary
between Rs.7, 000 � Rs.10, 000 in public sector banks. The private banks and
foreign banks offer comparatively higher salary. Those who get selected for
probationary officers in public sector banks earn minimum Rs.10, 000 per
month as starting salary. Apart from the salary employees are also offered
bonus, perks, allowances, incentives and other benefits which are revised
from time to time.


M.Sc. Course in Agricultural Economics is offered by many Indian
universities to name a few are:

University Of Allahabad,

Faculty of Animal Husbandry,

Allahabad 211002

Indian Agricultural Research Institute

University of Agricultural Sciences

Important institutes

National Institute of Bank Management

Kondhwe Khurd, NIBM P.O.,

Pune 411 048, INDIA

Telephone: 0091-20-26716000 OR 0091-020-26833080

FAX: 0091-20-26834478


Institute for Financial Management and Research

24, Kothari Road,


Chennai - 600 034

Phone: +91 44 28303400

Fax: +91 44 28279208


Indian Institute of Banking & Finance

'The Arcade', World Trade Centre,

2nd Floor, East Wing,

Cuffe Parade,

MUMBAI - 400 005

Phone: 91-022-2218 7003 / 04 / 05

Fax: 91-022-2218 5147



Institute for Development and Research in Banking Technology

Castle Hills, Road No.1,

Masab Tank, Hyderabad-500 057

Phones: +91- 40-23534981;

Fax: +91-40-23535157



Universities offering courses in banking and finance are:

Indira Gandhi National Open University, New Delhi

University of Madras, Centenary Buildings, Chepauk, Chennai-600005

The Aligarh Muslim University, Aligarh-202 002

Ravishankar University, Raipur-492 010

Guru Ghasidas University, PO Koni, Bilaspur-495 009

Maharishi Dayanand University, Rohtak-124 001

Maharaja Sayajirao University of Baroda, Vadodara-390 002

Gujarat University, Navrangpura, Ahmedabad-380 003

Utkal University, PO Vani Vihar, Bhubaneshwar-751 004

Annamalai University, PO Annamalai Nagar-608 002, Tamilnadu

Sri Venkateshwara University, Tirupati-517 502

SNDT Women's University, 1, Nathibai Thackeray Road, Mumbai-400 020

University of Rajasthan, Jaipur-302 004

Shivaji University, Vidyanagar, Kolhapur-416 004

Bhartidasan University, Palkalai Perum, Tiruchirapalli-620 024

Manipur University, Canchipur, Imphal-795 003

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