Agricultural Economics
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.
Eligibility
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
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.
Institutes
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
Website: www.nibmindia.org
Institute for Financial Management and Research
24, Kothari Road,
Nungambakkam,
Chennai - 600 034
Phone: +91 44 28303400
Fax: +91 44 28279208
Website: www.ifmr.com
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
Email: mem-services@iibf.org.in
Website: www.iibf.org.in
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
Email: publisher@idrbt.ac.in
Website: www.idrbt.ac.in
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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I will be the leader of a company that ends up being worth billions of dollars, because I got the answers. I understand culture. I am the nucleus. I think that’s a responsibility that I have, to push possibilities, to show people, this is the level that things could be at. I think that’s a responsibility that I have, to push possibilities, to show people, this is the level that things could be at.
I think that’s a responsibility that I have, to push possibilities, to show people, this is the level that things could be at. So when you get something that has the name Kanye West on it, it’s supposed to be pushing the furthest possibilities. I will be the leader of a company that ends up being worth billions of dollars, because I got the answers. I understand culture. I am the nucleus.
"I will be the leader of a company that ends up being worth billions of dollars, because I got the answers. I understand culture. I am the nucleus. I think that’s a responsibility that I have, to push possibilities, to show people, this is the level that things could be at."