Wednesday, 12 October 2016

AGRICULTURAL ECONOMICS

AGRICULTURAL ECONOMICS

Introduction    :
Agricultural economists examine data and statistics to identify trends and make predictions for the agricultural market. These professionals can work in a variety of agricultural sectors and often perform their own research. Education in this field is variable, but can include a formal education, typically a master's degree.

Class of Specialization:     Science
Relevant Core Subjects:    Mathematics, English, Agriculture, Biology, Chemistry, Economics

Personality Traits/Skills:   
He/she must be firm, convincing, good communication skills, educating, creative, developing new ideas, analytical, a traveler and researcher, etc.

Job profile/Duties:   
Agricultural economists employ principles and concepts of economics to learn more about the supply and demand of goods and services in the agricultural sector. This includes analysis of production, consumption, and distribution. These professionals often choose an area of expertise, such as crop and livestock sciences, environmental economics, policy analysis, agribusiness, food safety, international trade, rural development, or marketing systems. Agricultural economists typically work with agricultural data and statistics in office settings, but they may travel as part of a research group to collect information. Additionally, they may teach and conduct research at colleges and universities with undergraduate or graduate programs in agricultural economics. Agricultural economists examine data to determine patterns and trends in economic activity. They also conduct research to collect data and market samples. They use the predictions obtained from their research to inform, influence, and improve the business decisions of clients and agricultural organizations.

Where to work:   
Agricultural firms, farms, industries, school, investment companies, government ministry and corporations, National Orientation Agency (NOA), DFRI, WHO, Bank of Agriculture (BOA), Bank of industry (BOI), FADAMA, NISER, etc.

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