As an agricultural economist you will apply economics concepts in agriculture by analysing the current and future economic conditions in the market and also demand and plan strategies for the future.
Agriculture economists’ primary objective is to increase the agriculture”s profitability. They are also concerned with the manufacturing and distribution of the agriculture products. They help the government and other concerned agencies in policy making and consumption. They also do the financial or economic evaluation of the agricultural projects and the market on the whole.
To take up an undergraduate course in Agriculture and related disciplines you may take Science stream with Physics, Chemistry and Biology/ Biotechnology.
BSc Agricultural Economics is not commonly available in India but the subject is included as part of the 4 year bachelor’s program in Agriculture. Bachelor’s programs in Agricultural Economics is available in Foreign universities.
Master’s degree of two years duration in Agricultural Economics can be taken up after completing a Bachelor’s course in Agricultural Economics/Agriculture.
Some Universities allow admission to MSc Agricultural Economics for graduates in Agriculture/ Horticulture/ Vet.Sc. & A.H/ Fisheries or Dairy Science while others insist on a graduation in Agriculture
This field is a research oriented one and a doctoral qualification in this field is advisable for taking up most careers.
Requirements for admission into a PG course in one of the top institutions to help you get an overall picture
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Analytical skills are very important for agriculture economists. They have to gather a lot of information, data and analyse them in a precise manner with the use of computers and different software.
Agricultural economists need to pay attention to detail as they may undertake many experiments that might require precise observation. They need to be very accurate in analysing as the conclusions and predictions will be based on their analysis.
An agricultural economist must have good judgement and decision making skills. They have to analyse current market situation and predict and plan strategies to meet the market demand.
Teamwork is important for agricultural economists as they may have to work with small and large groups of individuals from their own and other professions such as farmers , engineers and other Government officials.