What do agriculture economists do?
Agricultural economists have management-related jobs in agribusiness firms. They use modern analytical management tools to make profitable decisions. Agricultural economists conduct financial analysis, develop marketing plans, and set up optimal production schedules in U.S. and international food and fiber firms.
Where can agricultural economics work in Nigeria?
Where can an agricultural economist work in Nigeria?An agricultural economist can work as a farm manager.An agricultural economist can work under any agribusiness firm in the country.An agricultural economist can work as an Agriculture teacher in a school.An agricultural economist can work as an health economist.More items…
Is agricultural economics a good major?
The report, which focused on how critical the choice of a major is to a student’s median earnings, also found that students who studied Agricultural Economics were well paid, with the average median salary for those earning a degree in the field at $57,000.
How much do agricultural economists earn in South Africa?
A person working as an Agricultural Economist in South Africa typically earns around 50,600 ZAR per month. Salaries range from 24,800 ZAR (lowest) to 78,900 ZAR (highest). This is the average monthly salary including housing, transport, and other benefits.
How much does an agricultural economist earn in Nigeria?
Agricultural Economist Salary In NigeriaS/NAgricultural Economist LevelSalary Per Month1.Entry Level (Bachelor D.)50,000 Average2.Experienced100,000 AboveAug 20, 2021
How many years does it take to study agricultural economics?
The programme of courses leads to the Bachelor of Agriculture (B. Agric) degree and spans a period of 2, 4 or 5 academic years depending on the mode of entry. For the 5-year degree programme, the first year (100 level) shall be a qualifying year.
What can one do with a degree in agricultural economics?
(including agribusiness) A major in agricultural economics or agribusiness addresses issues in marketing, farm management, agricultural finance and trade, and natural resource use and management.
How much does an agricultural economist earn in Kenya?
A person working as an Agricultural Consultant in Kenya typically earns around 223,000 KES per month. Salaries range from 116,000 KES (lowest) to 341,000 KES (highest).
Why should I study agricultural economics?
Agricultural economics plays a role in the economics of development, for a continuous level of farm surplus is one of the wellsprings of technological and commercial growth. In general, one can say that when a large fraction of a country’s population depends on agriculture for its livelihood, average incomes are low.
Where can I study agricultural economics in South Africa?
Stellenbosch UniversityStellenbosch University, Agricultural Economics, which offers the Agricultural Economics and Management programme, combines the technical aspects of agriculture with the business aspects of management, marketing and finance.
What is agricultural economist?
An agricultural economist specializes in understanding the economic activity within agricultural markets. Their research is carried out using statistics and data about the agricultural industry to predict possible patterns and trends within the economy.
Why do we need a team of experts in the agricultural sector?
The activities with the agricultural sectors need a team of experts to devote time in analysing data from daily economic activities in the agricultural sector for proper recommendations to appropriate authorities.
Why is agriculture important to the world?
Agriculture represents one of the major backbones of countries across the world simply because the more locals can source for their needs locally, there would be an overall increase in the GDP of such nations with further international relevance owing to their ability to provide raw materials needed both locally and within the international community.
What do researchers use to make predictions?
Depending on their area of expertise, they use data and samples used during research to make predictions that can be implemented by business owners and agricultural organisations.
What is an environmental economist?
An environmental economist might specialize in using common resources and the effects of hoarding by individuals on those markets and whether common resources (like water) should even have a market in the first place or be protected for use by everyone . 9. Climate Resilience Specialist.
What is an agronomist?
The agronomist works to coordinate the work of various teams in the organization and apply their own skills to analytical decision-making always to increase the return on investment of the grower. You can also expect to be involved in strategy decisions and serving as a resource on all things agricultural for other departments. You may also be called in to deal with customers on occasion, so translating your work into layman’s terms is a key skill.
What is an agribusiness consultant?
As an agribusiness consultant, you’ll be expected to use both your technical and business expertise to provide professional advice about the use and management of agricultural land. You may spend your days defining business strategies and working through financial issues with agricultural landowners, or you may choose to specialize in a specific area such as crop rotation, forestry consultancy, or pollution control. Ultimately, your goal is to offer advice that will create the perfect balance of commercial viability and sustainable agricultural land development. You’ll find employment through the government, agencies devoted to agricultural development, and commercial farms.
What is an agricultural appraiser?
3. Agricultural Appraiser. Whenever a farm is being developed, sold, mortgaged, or insured, an agricultural app raiser is needed to provide a proper value on the land, the farming equipment, and everything else that comes with it.
What is a farm co-op?
Farm co-ops can be worker owned or collectively owned by the producers of similar agricultural wares. The co-op manager will be in charge of planning and coordinating co-op operations. This position usually answers to a board, whose make up will be determined by what type of co-op you work for.
What is an agriculture development officer?
While you can certainly find work with this career choice right here in America, an agriculture development officer has the opportunity to do good work all around the world. Wherever you work, your goal will be to develop and increase agricultural activity and income in that particular area. Your job duties will include forming long-term agricultural plans and making important decisions regarding agricultural resource distribution. You may find gainful employment through various government agencies.
What is a farm manager?
A farm manager is in charge of everything happening at their location and coordinating those happenings with the needs of the larger organization. So you are both the top person in the command chain and a cog in a larger machine. Being able to master both these roles is where your training comes in, having a foot in both worlds, as it were. Depending on the type and size of farm, you may benefit from a background in marketing, finance, and the optimized decision making that comes from studying the field of economics.
What are the best states to work as an agricultural economist?
The best states for people in this position are Ohio, Virginia, Connecticut, and New York. Agricultural economists make the most in Ohio with an average salary of $119,926. Whereas in Virginia and Connecticut , they would average $115,423 and $114,320, respectively. While agricultural economists would only make an average of $112,252 in New York , you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics’ Location Quotient, we narrowed down our list of states to these four.
How much do agricultural economists make?
Agricultural Economists in America make an average salary of $93,021 per year or $45 per hour. The top 10 percent makes over $211,000 per year, while the bottom 10 percent under $40,000 per year.
What skills do agricultural economists need?
We discovered that a lot of resumes listed analytical skills, speaking skills and writing skills.
How many degrees do you need to become an agricultural economist?
We’ve determined that 50.8% of agricultural economists have a bachelor’s degree. In terms of higher education levels, we found that 38.1% of agricultural economists have master’s degrees. Even though most agricultural economists have a college degree, it’s impossible to become one with only a high school degree or GED.
Why are agricultural systems important?
Agricultural system models play increasingly important roles in creating sustainable agriculture businesses across diverse agro-ecological and socio-economic conditions. Agricultural system models are being used for various types of landscape-scale, national, and global modeling and analysis. Models provide information to land managers, policymakers, and the general public that inform management practices, public policy design, research and development, and investment decisions in order to…
Why is sound economic thinking important for farmers?
Sound economic thinking is crucial for farmers because they depend on good economic decision making to survive. Governments depend on economic information to make good policy decisions on behalf of the community. This course will help you to contribute to better decision making by farmers, or by agencies servicing agriculture, and it will help you to understand why farmers respond to policies and economic opportunities in the ways they do. You can use this course to improve your skills and knowl…
What is an agricultural economist?
An agricultural economist provides forecasts of economic setting but with special interest on agriculture. This job takes a closer look at the current agricultural standing of any area and uses that information against the economic situation.
Why do food companies hire agricultural economists?
Food companies often hire agricultural economist since they will need an expert who can provide advice and create strategies related to the raw ingredient they use in their product. Even companies that only manufacture equipments related to agriculture will also require the services of an agricultural economist.
Can an agricultural economist work as an independent consultant?
Although a career in government and private sector can be a great career for an agricultural economist, there is always an option to work as an independent consultant. Because of the demand for this skill, an independent consultant can work with multiple companies thus extending their earning capabilities.
Where do agricultural economics majors work?
Agricultural economics majors find themselves working in banks, credit unions, insurance companies, legal firms, and private companies. Some get jobs with the government. You might go to work for the National Agriculture Statistics Service or the U.S. Department of Agriculture. Others go into agribusiness and work as business managers …
What do agricultural economics graduates do?
Some go into research. Some even go into advertising and marketing. And don’t forget cotton. Many agricultural economics graduates work in the textiles industry. This type of degree can lead to hundreds of opportunities.
Is agriculture a big business?
Agriculture, the science of growing food and raising livestock, is big business. People need to eat. As one farmer once told me, “There is a lot more to farming than the farming these days.”. In fact, few who major in agricultural economics actually go to work on a farm (though of course, it is entirely possible).
What is agricultural economics?
Agricultural economics is a branch of applied economics that takes the tools of both micro and macroeconomics and uses them to solve problems in a specific area. Agricultural economists examine data to determine patterns and trends in economic activity. They also conduct research to collect data and market samples.
How many years is Agricultural Economics?
Secondly, it is a five (5) year course. So stop seeing Agricultural Economists as people who went to school to study farm practices. It’s way beyond that.
What are the duties of an agricultural planner?
Your duties will include forming long-term agricultural plans and making important decisions in regards to the distribution of agricultural resources. You may find gainful employment through various government agencies too.
What is an agricultural development officer?
An agricultural development officer has the opportunity to do good work all around the world. Wherever you work, your goal will be to develop and increase agricultural activity and income in that particular area.
What is an agribusiness consultant?
As an agribusiness consultant, you’ll be expected to use both your technical and business expertise to provide professional advice about the use and management of agricultural land. You may spend your days defining business strategies and working through financial issues with agricultural landowners, or you may choose to specialize in a specific area such as crop rotation, forestry consultancy or pollution control.
Why do you need an agricultural appraiser?
Whenever a farm is being set up, sold, mortgaged or insured, an agricultural appraiser is needed to provide a proper value on the land, the farming equipment and everything else that comes with it. You may do some of your work right in the fields by taking pictures and careful measurements, but much of the needed information can be found on your computer.
Do you need capital to start a snail farm?
Starting a business can be capital intensive but not all agribusinesses require much startup capital. For instance, those into snail farming, you don’t spend much to start. Sometimes, all you may need are a few snails you probably picked from bushes or a neighbour’s backyard. You don’t necessarily need to spend on their feeding. The watch from your kitchen and pawpaw leaves can serve that purpose.
Economists and economic policy researchers and analysts
Economists and economic policy researchers and analysts conduct research, monitor data, analyze information and prepare reports and plans to resolve economic and business problems and develop models to analyze, explain and forecast economic behaviour and patterns.
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Economists and economic policy researchers and analysts conduct research, monitor data, analyze information and prepare reports and plans to resolve economic and business problems and develop models to analyze, explain and forecast economic behaviour and patterns.
