Agricultural Economics

Agricultural economists are concerned with all economic activities that influence agriculture and the distribution of agricultural products. These activities include purchasing, processing, and distribution of agricultural products; the determination of government policy concerning agricultural and consumption affairs; financing and sale of agricultural products; economic evaluation of agricultural projects; agricultural development; as well as research and advice on all these facets. Agricultural economists’ approach to problem solving should be creative, thorough, and analytical. Good communication skills are important.

Courses and Eligibility:

The minimum eligibility criteria for admissions in the 2-year master’s programme (MSc Agricultural Economics) is a bachelor’s degree or an equivalent qualification in any stream, preferably economics. Candidates who wish to go for further studies, can pursue their PhD in agricultural economics after completing their master’s.

Career Prospects:

Government organizations—such as the Departments of Agriculture, Foreign Affairs, Trade and Industry, Labour, Environment Affairs and Tourism, Water Affairs and Forestry—as well as provincial authorities recruit fresh graduates in this field. Other institutions and organizations that employ agricultural economists are agricultural producer organizations; financial institutions such as commercial banks, financial banks, and insurance companies; agricultural co-operatives; and commercial and manufacturing companies concerned with agricultural inputs and products. There is good scope for qualified graduates.

Remuneration:

Graduates employed in public sectors may earn around Rs.10,000–15,000 per month. Candidates involved with international developmental agencies enjoy higher remuneration, perks, and other benefits.