Agricultural Economists are concerned with all economical activities that influence agriculture and the distribution of agricultural products. The primary objective of agricultural economists is to increase profitability in agriculture and improve human prosperity. They pursue this aim through studying and analyzing the aspects which influence the agricultural economy, and giving advice. This includes the manufacture and distribution of agricultural means of production; farming itself; the determination of government policy concerning agricultural and consumption affairs; the purchasing, processing and distribution of agricultural products; the financing of all aspects of agricultural production and the sale of agricultural products; economic evaluation of agricultural projects; agricultural development as well as research and advice on all these facets. Each agricultural economist usually specializes in a certain field.
The fields of study of the agricultural economist are as follows:
Production Economics, which involves the relationship between the inputs, production and profit as well as labor utilization.
Financial Management, which includes aspects such as the management process itself, agricultural planning and the principles of financing.
Agricultural Marketing, which involves all aspects of marketing such as the price system and market types.
Agricultural Policy, which involves the interaction between agriculture and other sectors, the trade policy, production policy, price and income policy and the government functions.
Operational Research, which is the application of economic simulation and optimization techniques on agricultural problems.
Natural Resource and Environmental Economics, which is about the economic evaluation of the interaction between agricultural production processes and the natural environment.
Are your Aptitudes and Personality suitable for becoming a good Agricultural Economist?
To know this, take the MyTalentTM Assessment.Take MyTalentTM Assessment