Agricultural Economics - also called Agribusiness - prepares you for just such a future. Agricultural Economics majors put economic theory into practice. They develop management and financial strategies for the food and farming industries. They focus on understanding and correcting problems in the manufacture, selling, financing, and distribution of food products. They also work to preserve natural resources and the environment.
If you major in Agricultural Economics, you'll forecast market prices, develop marketing strategies for new products and participate in case studies of the successes and failures of real products and real farms. You'll also participate in internships with agribusiness companies and government agencies.
Agricultural economics is a field that combines principles of economics with agricultural practices to analyze and improve efficiency and profitability of agricultural production. It study the allocation, distribution and utilization of resources used and commodities produced by farmers.
Objectives of agricultural economics
1. Optimization of resources
The primary goal of agricultural economics is to examine how resources like land, labor and capital can be allocate efficiently in agricultural production.
2. Production efficiency.
Agricultural economists aim at improving the output of agricultural production. This involves knowing the ideals that will increase crop yields and livestock production
3.understanding market dynamics.
Agricultural economists analyze the factors that affect supply and demand of agricultural commodities, price fluctuations, and the behavior of consumers and inform the producers about the risks and opportunities in the market.
4. Technological Innovations.
Agricultural economists encourage farmers to adopt new technologies that improve productivity. Advancements in machinery that can transform farming practices will increase productivity in agriculture .
Agricultural Economic Management
Agricultural Economic Management is a management disciplines that bases on agriculture and economic management with research and development in sociology, law, demography and the natural sciences, such as cross-cutting and integration
Three Rural Issues" is the basic research problem of this disciplines,and it focus on the issue of hot spots and difficult those emerg in farmers, agriculture and rural development.
Theory focuses on the agricultural economy, agriculture, economic development, agricultural policy, agricultural business management, urban economic development and the use of marine resources and fisheries and other economic management.
In order to accordance with the needs of practice, as well as the advantages of the subject, we set specialized field that include agricultural economic theory and policy, coastal land and sea of agriculture and integrated development strategies, agricultural business management, urban economic development, and management
Agricultural Economics Include:
Common marketplaces and farmers’ markets. These can be ideal distribution arrangements for small and medium-scale agricultural producers. These marketplaces give you an opportunity to brand your products and connect face to face with consumers.
They also provide a jumping-off point for growth. You can leverage your success at a farmers market, for example, to get your products on store shelves, or to even open your own brick-and-mortar shop. Market operators take care of much of the promotion, too, which saves time and money.
Farm Management
Agricultural Marketing
Food Economics
Environmental and Resource Economics
International Trade and Development
Agricultural Policy
Conclusion
Our mission is to help farmers, agriculturally‑related businesses, industries, families and individuals to improve their lives and achieve their goals through an educational process that applies management, production and economic knowledge to critical issues, needs and opportunities.
Understanding what you are required to do to maintain your payments is key. Each company has a slightly different set of requirements and conditions so ask these important questions: